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The pair is under corrective selling pressure, despite longer term charts remain bullish. For today, chances are to the downside as long as the pair remains capped under the descendant trend line you can see in this chart @ 1.2030. with the holiday, don’t expect majors triggering anyway, probably we will see some come and go rallies. A 4 hours candle opening above that zone and the line, will turn the pair bullish being next resistances 1.2068 and the zone @ 1.2100. under 1.1980 the pair could go to 1.1960 a more tough support zone, and if this last is broken then we will have a more interesting bearish continuation, to 1.1913 and finally the zone @1.1860
