📣 Upon reviewing the 1-hour timeframe, with the break of the resistance level in the range of 1.2205, it is possible to initiate a buy position with a target of 1.2260.
⛔ Stop loss: 1.2170
On the other hand, with the break of the support level at 1.2170, there is an expectation of a price drop towards the range of 1.2120.
⛔ Stop loss: 1.2205
Trade closed: target reached