I think next week this pair going to have some bearish movement first to retracement from the higher timeframe like daily or weekly.
That's why the last candle of the previous week close below the Bullish trendline, So after re-test the current level if price didn't manage to break above the resistance level of 1.2484 then we have a strong sell signal which brings for us at least 100 pips. Because the pair will hit the support level of 1.2300
That's why the last candle of the previous week close below the Bullish trendline, So after re-test the current level if price didn't manage to break above the resistance level of 1.2484 then we have a strong sell signal which brings for us at least 100 pips. Because the pair will hit the support level of 1.2300