Analysing Forex from The Market side & perspective.
The Market has been down for 100 pips and The Sellers have their positions at 1.2186 and 1.2234. At this point, Traders will only open sell positions because as you can see in the chart that the market starts rally. No buyer positions at certain levels and we have an empty zone below. The Market is sideway to attract more traders to open positions and might be go down slowly to fill the empty zone.