In a weekly and daily downtrend. Price mitigated from an institutional area this morning and has been going down since, creating support levels and breaking through them to the downside promptly. I believe we are going to see price go below the 1.27200 support level on a larger timeframe. It lines up with the bearish price action on larger timeframes, and i'm willing to bet that there's a lot of stop losses sitting in that area.
Trade closed: target reached