The EURUSD is bouncing hard from a support level I mentioned on Sunday. The 1.1110 level supported the single currency on April 26th. That marked a multi-year low for the pair and triggered a 150 pip bounce. In other words, you wouldn’t want to short into this level. Although today’s session is still relatively young, if prices close above yesterday’s low at 1.1150, we could see EURUSD trend higher tomorrow and perhaps next week. However, if buyers fail to close today’s session above 1.1150, it will be business as usual which means a continuation of the downtrend. Today’s bounce may also be the start of a double ... (full story)