The chart show us the monthly strong resistance were around 1.22xx. If the price break through the first sell level. The price might reach the major resistance as the forecast . Meanwhile, we can start some long position if the candlestick pattern show some strong support around 0.618. But no doubt, the long term will always be short for this moment .
from the RSI and stochastic of weeks,days, and 4 hours chart. It hit the bottom at all three time frames . It will retrace again around the resistance 1.365x. From this point , we can rejoin the down trend and make profits. If you are a swing trader . You may join in for a short up trend but please do set your stop loss accordingly.