major support from 1.2325 2008 crisis served as beautiful rejection for price, and we saw a huge bearish close on the daily. Price is now once again trapped within the ascending channel. Overall trend is still bullish on the daily TF, however, after bouncing from this key level (1.2325) and closing below on the daily, I look for selling pressure and a short entry. However, I will wait until sellers defend 1.22 level to enter short with 1.207 as TP1. TP2 will be 1.1930.