EUR to 1.2220 after retracement - premarket forecast

Expecting EURUSD to potentially reach 1.2220. EURUSD is showing some rejection at the current level of resistance on the 1 hour and 4 hour charts so price may retrace to 1.21 before the impulse move up to 1.2220. The 1.21 price region is a daily support/resistance level as well as lining up with the 61.8% Fibonacci retracement level.

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Some pips were available for the taking on the drop, but consolidation lasted for a while.

Сделка закрыта: достигнута тейк-профит цена