The EURUSD is proving once again that the range between 1.1530 and 1.1630 still matters. I mentioned both levels a couple of times last week and again on Sunday where I wrote that an early retest of 1.1530 this week seemed likely. Monday’s session did just that. Sellers challenged 1.1530 but were unable to penetrate the level. That bounce from 1.1530 has led to today’s retest of the 1.1630 area. Keep in mind that both areas are being respected on a daily closing basis (New York 5 pm EST). In other words, I wouldn’t suggest you attempt trading a break from either level on the 1-hour or even 4-hour time frame. It’s ... (full story)