I'm rather neutral on this through the next ouple of weeks, however many signs are pointing to a rollover in the Euro
, or at least a slowing. Declining momentum, Doji
candle signalling a potential reversal, and plenty of areas underneath from recent consolidation that may be revisited. I don't see it breaking below 1.2790 if in fact price does halt and reverse.
Not really a short as I see downside limited. Upside is also limited unless breakout in momentum occurs.