Is this it for the Euro?

Noticed an interesting phenomenon. The Euro gently touched 1.28447, which coincides with our converging triangles. The big question on my mind is did we just hit a resistance level and is this the end of this brief bull rally for the Euro?

According to the previous analysis, Euro should move somewhere to the range of 1.29 region (maybe 1.288 too) before price can drop back to the normal levels.

Anyways, we have the ISM services data coming out shortly. The manufacturing data we saw earlier this week came out less than expected which managed to drive up the Euro. Let's hope the services data will be able to do the same for us.

Should we see a continued bearish candles being formed, then the ideal spot to enter would be around 1.279 with take profits set to 1.27 and 1.265.

Fingers crossed!!!