A lot of indecision with this pair. Price attempted to severally break to the upside but was faced with a lot of selling pressure. Currently trading this pair at the moment will result in a lot of uncertainties in terms of profit and Stop loss placement. However,1.15303 looks like a good magnetic zone for price to get attracted to having seen a lot of imbalance in the past. Before this becomes a reality, the Hourly consolidation phase must be convincingly broken and a further break of 1.16518 to be achieved in order to give a glimpse of hope to the Euro bulls. For now, sitting on your hands is the best thing to do. Remember, not taking a trade is a strategy in itself.
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We have finally seen a break from the choppy price action and the next hurdle faced by Euro bulls is the 1.17971 area which serves as the bullish target upon a break