EURUSD ended last week just 50 pips from a confluence of support that could very well be the biggest test since the March 10th ECB decision. The result of that event, by the way, is now 60 pips under water. Which test is that, you ask? The 1.1060 handle has played a vital role since March of 2015 and is also the 50% Fibonacci retracement when measuring from the December 2015 low at 1.0515 to the current 2016 high at 1.1615. Additionally, it’s the intersection of trend line support that extends from the December 2015 low. So while the pair has made sellers a lot of profit since the May 3rd pin bar, myself included, a ... (full story)