Price action looks to be forming a bottom. A bullish reverse Head and Shoulders is forming. We have a 38.2% Fibonacci pullback level of 1.2115 from 1.2075 to 1.2240. Although the anticipated move higher is corrective, it does offer ample risk/reward today. We look to buy dips.
We look to Buy at 1.2120 Stop: 1.2075 Target 1: 1.2240 Target 2: 1.2270