EURUSD had a dramatic drop lately, but it has found support at a very important originated from price action surrounding one of the G20 summits. In these, typically we've seen attemtps to curb dollar strength, so they have worked well with EURUSD as reference and also, as potential turning points on the day of the events.
FOMC and other fundamentally obtained levels are also very good with currencies, specially the Euro .
When the most market participants pay attention, we obtain the most significant key levels for . The RgMov trend analysis indicator shows us that the bulls are in control of the weekly and daily trends, and since both have hit important levels of support, we can look for longs now.
You have a nice setup to go long here, risking a new daily low, and aiming for a retest of 1.1216-1.1261 at least.
You can short now, or after moving under it. Stops at 1.1181.
There's an intraday opportunity as well, with stop at 1.09975 (see post)
Weekly trend is up, and we're coming back up from oversold.
Monthly is potentially down, so, I'll try to short the top.