For a short while, it looked like a victory, with price rallying last week Thursday.
But here we are a few sessions later and the bulls are in trouble.
Yesterdays candle threatened the recent lows and moreover, managed to close near its low. If the bulls aren't able to defend 1.2300, what's next?
I like shorts down to 1.2000. I'll be looking to sell rallies on lower timeframes and as long as price remains below 1.2300, my bias remains intact.