German Trade Balance rises to 20.6B vs 19.2B forecast , this scenario is likely to push the pair a little bit to the upside towards main resistance levels at the 1.2343 levels , a halt is likely , but a break would open next resistance at the 1.2376 levels where strong rejection is suggested.
There’s no other data today , so the pair is likely to rise towards the 1.2343/1.2376 levels , we might see consolidation before the next fall , selling the pair after rejection from the 1.2343/1.2376 levels is strongly recommended , below 1.2300 will accelerate the expected bearish move towards 1.2240 even lower towards 1.2180 levels.
