I'll be searching short entry around 1.2655 (MPP + 1.618 extension on H1 AB-CD). But again, who knows what happen later. Maybe market could show some respect for this level at least. Currently I'm long from 1.2391.Anyone have any take on the current eurusd situation? I am honestly not sure what to think atm, because all fundamentals since the US NFP are actually pointing harsh negatives for the euro, yet it is still rising... *Shrug*.
As a bear, I am waiting to see if it will break 1.2455 level 'till I get slightly worried, although it is probably short term retracement anyway.
Thanks and Best Regards.