US Core CPI pushed EURUSD to new lows and currently the price is testing the last meaningful support @ 1.3464 area. If we should break this one then the next area to keep in mind is near 1.3375/34. However, if we should turn here, then I would look towards 1.3640 area.
Time will tell.
Comments
alogg
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I haven't got much experience in trading and it's probably the Engineer speaking just now, but i don't think such inertia could be stopped so quickly in any known system
Yabi
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alogg, large traders in these markets tend to manipulate their behavior. Our job is to figure out their next move. An object in motion...........