EURUSD 720 16th Dec
Updated
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.