EURUSD - bears take 1.1300, another 100 pips lower?
Price traded as low as 1.1268 on the shared currency yesterday, and managed to close the day at 1.1276. a mark below the 1.1300 level.
I'm very interested in catching a move from 1.1300 down to about 1.1200. To do this, I'd like to see a retrace back to the 1.1300 level today or tomorrow, followed by some weakness as the bears move in again to defend their positions. Once weakness is evident, I'll look to short.
I'm very interested in catching a move from 1.1300 down to about 1.1200. To do this, I'd like to see a retrace back to the 1.1300 level today or tomorrow, followed by some weakness as the bears move in again to defend their positions. Once weakness is evident, I'll look to short.