Comment: Market is down based on H4 according to Ichimoku Trend Analysis.
Ichimoku Trend Analysis: - Kumo (Senko span A and B) down - Kijun sen down - Tenkan sen down - Chiko span below candles
Next Scenario: Initial target is 1.21548, previous support. And since the Kumo is thin, market could reverse there. If you want to trade in longer term, better to wait for a breakout of the support level.