The support level is at 1,241.10. In case of decomposition the next target will be 1,235.66.
Short positions can be opened from the level of 1239.50 with targets at 1236.00 and loss cap at 1,241.20.
Sell the correction pair below the 1.3203 level with the target at 1.2800. Breaking and price consolidation above the 1.3203 level will allow the pair to continue growth at the 1.3560 level
Short term sell the pair below the 1.1450 level with the target at 1.1283 - 1.1245. Medium-term - wait completion of correction (ii) and buy with target at 1.1550 - 1.1650
The estimated pivot point is at level 1.1136.
If the assumption is true, pair growth will continue at the 1.1300 level. Critical for this scenario may be the level of 1.1136.
Alternative scenario: Rupture and price consolidation below the 1.1136 level will allow the pair to continue the decline to the levels of 1.1100 - 1.1060.
Opinion: ride the wave above the...