Depending what happens today during the ECB press conference the pair will:

- quickly go up to 1.2360 and only if that level holds we can expect it to reach 1,2420-30 price zone - even if it manages to go that far, it will be a short lived move

or

- we get a clear QE message/plan(a date perhaps) and the pair goes down to 1.2220 first and much further beyond that level in the coming days

Enjoy your trading
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