The Euro went back and forth during the trading session on Tuesday, as we continue to dance around the 1.11 level. This is an area that has been both support and resistance as of late, so don’t be surprised at all to see this market go back and forth and quite frankly struggle. To the upside, the market has to deal with the 1.12 level and of course the 200 day EMA which is painted in black on the chart. Yes, the Monday candlestick was very strong, but we have seen these types of impulsive candles before, but in the end of the overall trend is to the downside. {video} The 1.10 level underneath will probably be massive ... (full story)