On the graph, we see a strong downward movement of the weekly chart, followed by a flag formation
. You can see the train rails of the flag that are obtained by spikes, so it is good to put a stop over the upper resistance. For the risky traders i can offer to take a short position from 1.1210 with stop loss at 1.1470 and place a sell limit order at 1.1400. Our first target level will be 1.095, second - 1.055, and the third level will be 0.96.