Price is forming a potential ABCD pattern near 1.200 also FIB extension 161 and Fib extension one to one, which makes a nice ABCD pattern, with the ECB new is due later today we should expect EUR to have some violently, it will be interesting to hear what the thinks of the EUR weakening.
i would like to see a drop to 1.200 where I will be watching this pair to see if it will provide a valid high probability entry that meets my rules for a good risk to reward trade.
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Check today analysis below⠀
_____________________________________________________________________________⠀ -disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only⠀ -⚠ please note this is just a prediction and i have no reason to act on it and neither should you