EURUSD closed below a key level yesterday. On Sunday, I mentioned how the 1.1300 handle could attract buyers this week. But a close below it would expose downside targets. You can see how the euro has already tested 1.1300 as new resistance today. As long as this area remains intact on a daily closing basis, EURUSD is vulnerable. However, the 1300 level isn’t perfect. Notice how the EURUSD broke below it on November 12th only to close back above it three days later. There was a second false break on the 27th of November. That means yesterday’s close below 1.1300 does not guarantee the euro will continue to weaken. If ... (full story)