I think price is @ a sensitive level. big figure 1.1300 but it has recently reacted @ 1.12700 twice before. most of us retail traders we would enter and put stops just below those two spikes @ 1.12700( Reaction points 1 & 2). So I think price spikes through 1.12700 (Maybe till 1.12500) before bullish movement.
I say wait for the spike to price points between 1.12600 & 1.12500 then start looking for buy opportunities. or alternatively put a buy limit @ 1.12550.
I say wait for the spike to price points between 1.12600 & 1.12500 then start looking for buy opportunities. or alternatively put a buy limit @ 1.12550.
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