themarketzone

Reached 1.19 - What's next?

FX:EURUSD   Euro Fx/U.S. Dollar
In the Weekly Markets Analysis, I've mentioned 1.19 as the lowest level the $EURUSD can reach for me to consider the option that we are dealing with a false break to the 1.2 support zone . After two hourly attempts to break the 1.19 level, the $EURUSD still holds above it.
A climb back above 1.2 - 1.21 can be the confirmation sign for a false break. Monitor it as the week progresses

http://marketzone.tumblr.com/post/107109432540/weekly-markets-analysis-2015-here-we-come
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