The EURUSD lost more ground last week after buyers failed to clear trend line resistance near 1.1200. I wrote about this level on August 13th. The fact that buyers weren’t able to clear that 1.1200 area was pretty telling. Last week’s rejection from that resistance level has led to what appears to be another lower high on the daily time frame. The question is, will it lead to another lower low? The pair would need to clear that 1.1030 support area to do that. But as long as 1.1110 holds as new resistance this week, that’s a genuine possibility. Alternatively, a close back above 1.1110 would re-expose that 1.1180 ... (full story)