They sold overnight at 1.2375 with a stop-loss at 1.2525 and an open profit target of at least 1.2000.
The close back above 1.2400 will be worrying for all those who sold the break so I’d suggest waiting for a retest of the previous low at 1.2470. A break and close back above there and the contrarians’ interest will surely be piqued.
