EURUSD suffered a significant false break a couple of weeks ago. Buyers cleared trend line resistance following the March 20th Fed rate decision and statement. However, sellers were quick to extinguish those gains. By the 22nd, euro bears had already closed the pair back below the trend line. But that presented a new opportunity of its own. Last Sunday I pointed out how the 1.1330 area would likely serve as resistance moving forward. Sure enough, Monday’s session reached a high of 1.1331 before ending the week 114 pips lower at 1.1217. There isn’t much separating EURUSD from fresh multi-year lows this week. A retest ... (full story)