The current of the trend indicates that the recent bullish single wave has been completed Momentum flow has taken a downward turn again. The price shows another downtrend in the path of the regression channel, which is confirmed by the break of the 1.2405-1.2391 support. The failure of this support level in the 30-minute time frame increases the possibility of continued price decline to the levels of 1.2330 and 1.2282.
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