analysis values this chart for the longer term @ 1.27 , right now the previous target value has been hit and left 1.22 untouched , if the next leg down is made as shown on chart then according to analysis the value for this timeframe should be 1.205 but would regard everything between 1.22 and 1.20 and below as a low price in relation to the longer term value.
Please keep in mind Imnotrader and this chart looks quite complex