1.2317 & 1.2300 are the next prices to watch. If it breaks and closes past those (I'm looking at 15M charts for pa), then it will likely revisit 1.22595.
And if it breaks past 1.22595 it could really pick up some momentum as stop losses are tripped.
From where it is at now, it could either be a retrace/stop hunt before more long, or the deciding point for shorts to continue on the rest of the week. That is my opinion.
Either way I'm holding my current short from 1.2286, as I have a 200 pip stop from there and can wether it before a turnaround in my favor.
And if it breaks past 1.22595 it could really pick up some momentum as stop losses are tripped.
From where it is at now, it could either be a retrace/stop hunt before more long, or the deciding point for shorts to continue on the rest of the week. That is my opinion.
Either way I'm holding my current short from 1.2286, as I have a 200 pip stop from there and can wether it before a turnaround in my favor.