I think a lot of them will target 1.25 and above and my analysis tends to say that we are not on a trend market... but still on a consolidation structure.
The technical factors that plead this way are : Sinewave tried a breakout that was flushed out.. so if this thing was , why didn't we go straight forward ?
Second I can see a very attractive technical cluster slightly above the current prices which could trigger entries.
I'll look for signals into that area and if I actually find some, I'll probably take a short in there ! (low leveraged because the trends remains and we'll still have to plot a 5th final wave before ending this)
Hope this idea will inspire some of you !
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