Sforex

EURUSD: After spike to 1.1700 What next?

FX:EURUSD   Euro/U.S. Dollar
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We underwent a "Black Monday" , EURUSD             soared strongly to 1.17000: this is a very strong resistance level: YEAR HIGH

It's not easy to break the YEAR HIGH.

What I am watching in the being time ?

I see EURUSD             moved above SMA200: The downtrend likely is over, I and see the uptrend is coming back.

I watch the Resistance becomes Support: 1.1500 level.

If EURUSD             indeed choose 1.1200 as a future support, I will BUY EURUSD             at that level.
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