The EURUSD is testing the top of a key support area today. On Tuesday, I wrote how the region between 1.0990 and 1.1020 was one to keep an eye on moving forward. I also stated that a close below 1.1070 could trigger a move lower. So far, we’ve seen the EURUSD trend lower following the close below 1.1070, but what about the support area between 1.0990 and 1.1020? The 1.0990 level is where the euro caught a bid following the October 11 breakout. You can also see how 1.0990 served as a pivot between September 11 and October 15. The 1.1020 area, on the other hand, is more obscure. However, it has been influential since ... (full story)