On the weekly timeframe, the currency pair faced the upper limit of the descending price channel and the historical price pivot zone of 1.2942.
A bearish divergence formed on Awesome Oscillator (TF H4), and Stochastic Oscillator showed an exit from the overbought zone. The lower border of the upward price channel is broken. Breaking through the price pivot zone 1.2818 will result in the formation of a descending pattern 123.
Trading recommendations:
Sell strictly below 1.2818.
Stop Loss – 1.2942.
Target levels: 1.2700; 1.2500.