KrunchieKilleen
Short

EUR/USD at cross roads

FX:EURUSD   Euro Fx/U.S. Dollar
177 1 2
The Normal Zone for EUR/USD             lies between $1.1 and $1.4. In normal course, I would expect the Euro             to rebound from its present level of c. $1.1, and swing around its mid-point of $1.25. The main pressure for it to continue its downtrend is the imminent increase in USA interest rates, while the European Central Bank clings to Zero Interest Rate Policy. Toss the coin: I bet it goes down.
Simple but elegant analysis. You highlighted a key support area I would have marked as relevant, a high volume or fair value area.
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