The support zone formed by 1.21500 and 1.20000 support levels can be a starting point for a correction movement. A bearish divergence gives a trend reversal signal. MACD histogram confirms upward movement. RSI confirms price reversal from 1.21500 level and do it in the oversold zone. We have buy opportunity. Pending orders can be placed at 1.22250 level with stop orders below 1.20000 support level. The main profit target is 1.25000 level and other part of long trades can be closed at 1.27000 level. If the market drops below 1.20000 level, buy orders must be deleted. Don’t risk more than 3% from your deposit in this trade.
Profit Targets: 1.25000 and 1.27000