I don't think any intervention would take place at least before a new low...
So maybe thinking of going long won't be a good idea until price reaches a significant level like 1.2415, Plus we have a nice bounce from kumo lately and it might continue going down to 61.8 extension (of 1.3094 to 1.2157 from 1.2672) at 1.2080 first then to reach 1.2.
So maybe thinking of going long won't be a good idea until price reaches a significant level like 1.2415, Plus we have a nice bounce from kumo lately and it might continue going down to 61.8 extension (of 1.3094 to 1.2157 from 1.2672) at 1.2080 first then to reach 1.2.
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