Current price: 141.65
Key point: 141.65
Our preferred direction: short positions below 141.65 levels, targeting 140.40 as a first target, then 140.05 as a second target.
Alternative scenario: stop the loss and change the direction by breaking 141.65, targeting 142.50.
Technical comment
The EUR/YM pair is moving in a Y direction on the four-hour timeframe from the bottom of the current month, to reach the downward trend line from the top of December, which corresponds to the support level 141.65, so that a corrective drop is expected to reach the support levels 140.40-140.05, and then continue the ascent.
