9 and 18 daily EMA on EUR and USDX all supporting the short scenario.
There have been interesting reactions at the 1.2582 in the past and it is also an ICT institutional level.
It coincides with an hourly, bearish order block and the sweet spot for a retracement.
It is above the weekly open and is at the ADR high for today.
I am planning on entering short if 1.2573 reached, with a stop at 1.26 and a target of 1.249.
Manufacturing data tomorrow might be the catalyst to run up to the figure if it doesn't hit today.
There have been interesting reactions at the 1.2582 in the past and it is also an ICT institutional level.
It coincides with an hourly, bearish order block and the sweet spot for a retracement.
It is above the weekly open and is at the ADR high for today.
I am planning on entering short if 1.2573 reached, with a stop at 1.26 and a target of 1.249.
Manufacturing data tomorrow might be the catalyst to run up to the figure if it doesn't hit today.