Price appears to be retesting major resistance once again, it is important to note there is a
- weekly double top
- possibly a daily double top could form
- there was a 4H double top
I think it's going for another retest but the daily indicators show exhaustion and possibly a reversal. There are no key fundamental news this week that could catapult it to break resistance, other than what Draghi has to be say in his press conferences this week
It's best to wait to see price action at 1.62300
- weekly double top
- possibly a daily double top could form
- there was a 4H double top
I think it's going for another retest but the daily indicators show exhaustion and possibly a reversal. There are no key fundamental news this week that could catapult it to break resistance, other than what Draghi has to be say in his press conferences this week
It's best to wait to see price action at 1.62300