In our previous analysis the pair was trading @ 1.19130
We did note that if the pair breaks above resistance @ 1.19300
it might attempt to test 1.20, and this is what happened
Currently trading @ 1.19750
has extended to resistance @ 1.20 signaling possible reversal
But as long as the DXY is this might just be a retracement and not a reversal.
According to our chart DXY might still fall to next support @ 91.330 so EUR might be still
The pair is still trading within its .
If the pair breaks above 1.20 then it might attempt to hit next resistance @ 1.20800-1.20500
But if it fails & DXY becomes we expect it to fall back to 1.19300
Sell entries will not be advised at this moment
link to our previous Analysis below