Price has formed a head on shoulders formation, after reacting off of key level 1.25000 .. Price now is in a downtrend making lower lows & highs, sitting on support currently. From here, will be watching for price to then create a lower high up to previous support structure as new resistance, which aligns with the descending trendline & from there will be watching for a continuation of downtrend to then set a new lower low next.
Comment:
Weekly: Evening star formation formed at key resistance level, & price on the higher timeframe can even look to make a lower low in the upcoming weeks ahead.