Price in between two blue horizontal lines on last chart...between 1.2415 and 1.2439. Just waiting to get some decent swings in price. Be patient and watchful.
I added the red fork here just to give myself some guidelines to watch price squirm . It shows a sideways tendency with a slightly downward bias. No wonder we have a sideways move on the 15 at the moment. If price fails to reach green ML we could watch for a short. How it behaves in this little zone will be interesting. That's what I am observing now.
Price has broken the MLH of the green fork and Sliding Parallel as well. We actually watched it go to the red ML and is also below the lower blue S/R line. Will it move up to retest blue Resistance line then fall? Very tricky spot...so much can happen to change the direction. Decisions, decisions
This is definitely an area to watch to see where price closes on the current candle. This is the EU H1.
Observe the drop on the last candle then the pull back...only Smart Money can move the price like that. Maybe they went after some stops once they saw buyers in the market. Let us see if price goes up as they would want those buyers to chase price up after they're in. Or, are they going to test the resistance (switchback) then fall?