According to previous analysis ( link to related idea), it is valid yet.
At this moment, the EUR touch 1.2213 resistance and the price stops below it. Also , we must pay attention to the last days of the year. Finally, the currency pair will break resistance 1.2213 and the EUR rally will continue towards the resistance levels ( 1.2400 and 1.2500).
At this moment, the EUR touch 1.2213 resistance and the price stops below it. Also , we must pay attention to the last days of the year. Finally, the currency pair will break resistance 1.2213 and the EUR rally will continue towards the resistance levels ( 1.2400 and 1.2500).
Comment:
one of the alternative scenarios also could be this:
Comment:
the current scenario is based on this analysis
Trade closed: target reached:
our target reached and we are shorting it now as we are observing a bearish divergence which is a sign of trend reversal
