At the moment we are seeing an upward movement in our pair. Today data on the trade balance in Italy and the economic sentiment in Germany will be published. In the US we are waiting for the speeches of FOMC members and the publications of the real estate market and oil reserves data. Today there will also be a speech by the Director of the Federal Reserve Bank of Chicago Chris Evans.
These events can accelerate the market at the time of publication, but cannot change the trend. Therefore, we will consider the possibilities for taking long positions. Given that our pair is currently pressed to the upper boundary of the Bollinger levels, we expect some slowdown in growth. After this, the pair will be able to resume the upward movement. We expect that the price will test the levels of 1.2415 and 1.2455. At the moment you can enter the market, but you need to consider the probability of a correction.
