So we see that the ares of 1.22664 has acted as support multiple times in the recent past, that level was broken to make a new low, but price has now come back to re test that level, which is now turning into resistance. So this is reason for taking a short at least to the next level of support as TP1 .
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.