A strong support line has been broken so we can expect a re-test of this line and then a downtrend continuation on the 4 hour - TP @ 1.26 and SL @ 1.28.
Losses can exceed initial deposits when trading market instruments. You can manage your losses by using smart risk management. Identify what your entry, Take Profit and Stop Loss levels will be before you enter a trade. Stick to your trading plan, no matter the market conditions.