The US dollar further recovers after the ADP showed nearly a million jobs added last month.
A bearish RSI divergence in the supply area (1.2255) was a forward warning that the previous rally was losing steam.
The fall below 1.2185 suggests that the bulls may start to unwind their positions. A brief rebound around 1.2200 saw strong selling interest. Sentiment has turned bearish and the drop below 1.2130 could trigger a broader sell-off towards 1.2070, the first support found on the daily chart.
