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During last 4 sessions the long had very short term targets. Price is not accelating up when it is close to the highs which are not bought but sold to close long intraday position.
In my opinion it is needed a test in area 1,2240 before we can see a new rush looking for 1,30.
The last session shows a shooting star, that shadow seems to be generated by “High not sold” because of the short term target of Long position. That high has touched the supertrend too, with a good reaction.
Tomorrow USA is closed, so then rather volume will not be great.
If it goes up immediately after the openein (++) I would look for a pattern to go short for...
today it paid back more then the risk !
If it breaks the support, definitively will move short.
But what i see today could it still be a consolidation move on the area which was always bought in the past.
let's go long if it first goes up, then test the support and then goes up again with a break in about min 5 pips.
The idea is a break in on the level already test Pedro as double max intraday today and Thursday last week.
The level 1.22947 already generate inversion to short with a great ratio risk vs gain !
Greetings
Vincenzo