- The EURO’s bearish momentum has been pushing the price lower for the past few days. - Price fast approaching the make or break point (represented by the Blue Rectangle and the two purple lines).
EURO - Some EURO CPI announcement (main: Germany, France & Italy).
- The price range between ~1.3805 -> ~1.4107, have been main Resistance/Support Zone for the past 15 years - From 2001 – mid 2002, was the main Resistance zone, No clear break through until late 2002 - From 2006 – 2008, Strong support Zone - Strong due to the GFC. - Late 2009 to Late 2011 – strong Resistance - Held for 2 Years