Looks like it's getting ready to fall. ECB meeting is coming up and by the looks of it they'll keep the current inflation rate.
RSI oversold - downtrend
Rejecting trendline
Near weekly and daily pivots
There's still some bullish divergence, so it might go test 1.2119 again before dropping
Or it might get stuck around daily pivot 1.2118
Entering after ECB works too if you want a safer trade and don't mind missing out on some pips
Stoploss could be larger in case of spikes
RSI oversold - downtrend
Rejecting trendline
Near weekly and daily pivots
There's still some bullish divergence, so it might go test 1.2119 again before dropping
Or it might get stuck around daily pivot 1.2118
Entering after ECB works too if you want a safer trade and don't mind missing out on some pips
Stoploss could be larger in case of spikes
Trade attivo
Commento:
Looks like it'll go to test 1.202 / 1.20. Might want to extend PT
Commento:
Taking partial profits
Trade chiuso: obiettivo raggiunto