Hello All,

Euro moved above 1.26oo handle and as was told before touched weekly channel resistance around 1.2630/50, decline from this last resistance for me not start for another leg down as long as price is above 1.2300/50. I think we will see daily consolidation below 1.2650 and above 1.2400 for even 2-3 weeks ahead. 1.2440/50 is key level support of H4 channel so be cautious regarding to aggressive selling.

I prefer Buying pair  below 1.2500 and selling it above 1.2600 with 70-80 pips stop and 80-100 pips profit taking.

Good lock