EURUSD appears to be on its way to retest 1.1180 for the third time. The single currency bounced from here earlier this month, but Thursday’s selloff looks to have extinguished the short-term bullish momentum. At this point, my base case is for a EURUSD daily close below 1.1180. If that does occur, there isn’t much in the way of support until the November 2017 falling trend line near 1.1050. Horizontal resistance levels are hard to come by due to the indecisive price action that has plagued the pair since this time last year. However, last week’s highs at 1.1320 will likely attract sellers if tested. That also seems ... (full story)