Technical analysis
Tagged: ECB · ×
-
EUR/USD: The Floor Broke, but It Was a Bear Trap. Now the 1.1281 Test
On US CPI day EUR/USD stabbed to 1.1110, a 17-month low, but never closed a day below the 1.1150 floor. It snapped back to 1.1269 on Friday. The levels that matter this week: a daily close above 1.1281 targets 1.1300 and 1.1361; a daily close below 1.1150 cancels the idea.
