EURUSD Bounces From Confluence of Support

From dailypriceaction.com

EURUSD began today’s session on a bearish note. After reaching a high of 1.1391, the euro lost just over 80 pips in a few short hours. However, the 1.1300 support handle offered relief for bulls. It’s an area I’ve pointed out several times since December. There also appears to be ascending channel support just above 1.1300. That’s helping to attract bids so far today. If the EURUSD can finish today’s session with a bullish pin bar, it could signal a turn higher over the coming days and weeks. If the pair can hold above the confluence of support between 1.1300 and 1.1330, we could see the single currency ... (full story)