Watch closely above 1.2060-2040 support area

Güncellendi
If EU can hold this area for today, it's more likely to reverse and back to an uptrend.
No opening position yet...
Not
Firmly pressure around 1.2095, down again... now watching 1.2060's support.
Not
2040 has been broken, the downtrend is not ending.
Not
European session has brought a strong bounce-back; if economic data this afternoon brings another up wave, then the up trend would be back.
Not
As the pattern is still downwards, I would not open a long position yet. Downwards next target 1.2005
Not
1.2005 has been reached.
Trend Analysiswatching

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