As Draghi wasn't enough, Yellen and the NFP numbers delivered blow after blow to $EURUSD and pushed it below 1.08 for the first time since April 2015.
This comes in addition to the breakdown we saw just two weeks ago, following the ECB's press conference.
The fact that $EURUSD is below 1.1, below the 200 line and below the uptrend line creates mid-long term signal for this pair.
The nearest support zones - 1.07, 1.05 may create some pullback higher, but 1.1 and 1.11 now turns to strong that will allow shorting $EURUSD towards equilibrium, or .. at least towards 1.02 to complete a pattern .
Near term - Potential pullback - 1.08, 1.1 and 1.11 as potential targets.
Longer term - Seek reversals near 1.1 or 1.11 to short $EURUSD from higher ground.
Tomer, The MarketZone
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1.07 can create a pullback towards 1.09, 1.1 but wait to see dollar's reaction to Friday's terror attack.
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