The ECB press conference and the Non-Farm payrolls are pretty close, looking at the technical, can we say that this might be a Double Bottom , or the price will continue to consolidate?...Let's go with the Double Bottom for the moment :)
I don't follow this market, and was basing my thoughts on what this small time frame showed. Out of curiosity I just took a look at the bigger picture, and my opinion has changed. I suspect 1.3711 will likely be taken out in the not-distant future
:) Sorry I did not reply earlier. I believe that euro it is pretty high now, giving the current situation. I am expecting a pullback before any new highs. Only a close above 1.34 could trigger another rally. in my opinion.