Moving towards 1.2000

Good day traders!

It looks like I missed the train already. A good short opportunity was found at 1.22500, towards the 1.22150 and 1.21592 line. Currently the price is moving at the 1.21390 level and more weakness should be soon.

I’m looking forward for another short from this line towards the 1.20138 and eventually the psycho line at 1.20000.

On the upside, only a break above the 1.23000 could convince me to do so. If not, I rather wait for any selling rallies to happen.

Below is my H4 and H1 chart for your reference.

h41jun2010 h11jun2010 Scridb filter
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