A double top is in process of completing

On our chart we can observe that our pair has almost completed the "double top" figure. We can also judge the formation of a medium-term downtrend.

In this case, we will consider the possibilities for entering short positions.

If our pair overcomes the red level of the resistivity and anchors under it, we expect further movement to the area of level 1.21. Otherwise, we will look for points to enter above the level of 1.2290