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EURUSD Price Action Remains Predictable
This week’s bounce from the EURUSD is no surprise. We’ve been discussing the significance of the support area between 1.0990 and 1.1020 since November 5. In that post, I also pointed out the short-term ascending channel that extends from the year-to-date low. The EURUSD was likely to move into this 1.0990 to 1.1020 area following the November 6 close below 1.1070, which we also discussed. Notice that Thursday’s low was 1.0989, just one pip below the 1.0990 support level I was interested in per my post from two days ago. That 1.0990 handle is also where the EURUSD bounced following the bullish breakout in ... (full story)
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