The pair has turned around
On the 4-hour chart we can see that our pair draws the second shoulder of the "head and shoulders" figures, having found the resistance level at 1.2450.
At this point, the pair turned and moved down. Therefore, we expect the price to reach the level of 1.2240. We advice to set a take-profit at this level.
The data released today from Germany and Italy seemed worse than expected. Therefore, a turn before reaching the price of our mark is unlikely.
At this point, the pair turned and moved down. Therefore, we expect the price to reach the level of 1.2240. We advice to set a take-profit at this level.
The data released today from Germany and Italy seemed worse than expected. Therefore, a turn before reaching the price of our mark is unlikely.
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