I've been thinking that the breakout below 1.2215 is more likely, as (or just before) the news hit.
There is significant support between 1.2180-1.2215 and it will be difficult without some pro-USD news at 13:30 GMT would determine the last major move before Christmas.
Will place short at 1.2210 and SL @ 1.2245, TP will probably be time dependent before Christmas, as it will be a long stretch to break 1.2280 and proceed to 1.2075
There is significant support between 1.2180-1.2215 and it will be difficult without some pro-USD news at 13:30 GMT would determine the last major move before Christmas.
Will place short at 1.2210 and SL @ 1.2245, TP will probably be time dependent before Christmas, as it will be a long stretch to break 1.2280 and proceed to 1.2075
