EM Reaching 1.2 by Month-End: A Probability Discussion

Considering the current $EM trading at 1.195 and the intraday high of 1.2, I'm putting the odds of us seeing a sustained break above 1.2 by month-end at around 65%. The reasoning here isn't just about the intraday flirtation; it's more about the underlying sentiment shifts we're seeing in broader market narratives, especially concerning emerging tech plays that EM often tracks. There's been a subtle but noticeable pivot towards AI-integrated infrastructure plays, which are slowly gaining traction beyond the initial, more speculative AI model hype. If this sentiment continues to build, driven by some of the recent partnership announcements we've seen, it could provide the necessary tailwind. The current consolidation around this level suggests a potential coiled spring, but we'd need some actual volume to confirm any breakout.