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).
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one of the alternative scenarios also could be this:
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the current scenario is based on this analysis
Trade closed: target reached
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our target reached and we are shorting it now as we are observing a bearish divergence which is a sign of trend reversal