It is using the lower level of 12100 as a support level and trying it best to bounce up.
I beleive it will be short lived, it shall not go up alot. It can go up for 12450to 12500 as retest.
I believe staying bias on short side is a better bet.
I will wait.
Trade Safe.
s0nic
Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level.
or if there is any question about this analysis/need new update.
Because im not monitoring this chart all time.