German Trade Balance rises to 20.6B ,EURUSD tests 1.2343/1.2376 levels before the next fall !

EURO data
EURO data

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.

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