Generally, the direction is a downtrend
Uptrend Side: The price needs to break out of the channel by closing a 4-hour candle above 1.2808 to potentially reach 1.2936.
Downtrend Side: However, as long as the price remains within the channel and below 1.2808, the bearish trend will remain active, targeting 1.2624 and, subsequently, 1.2530.
Tendency Keys: 1.2808