The situation has not received further development yet. The whole past day and the beginning of today was held in trading in a narrow price range right along the designated level. In the near future, a sharp price moving upward with a subsequent reversal by a prolonged impulse decline is possible.

It is also impossible to exclude the probability of a rapid decline directly from the current price values. Consequently, in order to enter sell trades in both described situations, it is recommended to wait for the breakdown of the local minimum which is passing at the value 1.2110.

In this regard, a trading recommendation may look as follows: sell 1.2110, stop loss 1.2140, take profit 1.1900.