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EURUSD Price Action – Bounce Off Key Support, Still Bearish | Feb 9
EURUSD – Bounced Off Support, But… (4hr chart)
Today the euro bids held the key support level around 1.1270/80 that we discussed. But….the bounce is now inside a smaller range around 1.1360/75 and 1.1270/80. Overall, its not that convincing a bounce IMO.
Hence, I’m still favoring the bear side, so will be looking to sell on any rallies into the key resistance and sell zone.
Only a daily close above here changes my bias ST. A break below support opens up a likely attack on the yearly lows.
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