Closing under $1.28 would be the worst outcome for today, which gives more weight to a test of 20EMA the following day. Closing above $1.28 may imply a second chance to escape in mid $1.30.
Yet, it's a downtrend. So very hard to bank on those unpredictable day-to-day mini moves. If I was the chart-maker, I'd go for the latter to milk it more.
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