Spot Price: 1.2241
Technical Analysis:
The double-top at 1.2330 registered Friday sent prices tumbling today & a short trade was triggered in the process during the London session. Aside from rebounding oversold hourlies, the short trade looks to be well founded on the daily charts, with studies there almost all in retreat and with room to fall. 1.2200 is nearby support. 1.2125 swing low & 61.8% the target.