With the POSSIBILITY of ECB cutting rates on Thursday, I would be reall nervous going long this pair. Hourly channel being around 1.2300 I don't see what's going to drive EUR/USD up to that level. Shorter term resistence level is around 1.2200 and I would be selling any bounce at this level having ECB rate decision on my mind
An unforseen event may drive it to that level. That explains why you dont see it. If you did, you would be a trillionaire by now.
estrader - Mr. Trillion Dollar Man Are you suggesting EUR/USD 1.2300 Before Thursday Unforseen events is how you became a trillion dollar man ? My suggestion don't trade blind. You don't know me, next time reply with something solid . This site is for informative purposes not for comments like yours