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EURUSD – Breaks Multi-Year Support, Bearish Bias (4hr chart)
Losing some serious ground today, the Euro broke through the multi-year support level of 1.11 closing below in on a daily basis for the first time in years. This is a very bearish event, so am only looking to sell now.
For me the key pullback levels to sell are 1.1142 and 1.1235 to get short. Only a daily close above the latter would change the bearish momentum ST. Downside I’m suspecting an attack on 1.0850 will be the first …... Keep reading