The pair is down at the target level of 1.2155 as the ECB is expected to proceed cautiously about abandoning the economic stimulus measures this September.
The price is below the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is again entering the oversold area. Stochastic oscillators are reversing upwards.
If the pair passes the mark of 1.2155 following the outcome of the ECB meeting and Mario Draghi’s speech, it may go further down to 1.2100, and then to 1.2075.