Euros held resistance at 1.1250 and came lower to 1.1160 which was our next support...Now we are trading up again slightly..so again we look to the 1.1220/50 resistance as a place to get short..Hold shorts unless we break above here...
If we do then expect the market to rise towards key 1.1300 resistance and again under current market conditions we would get short....keeping stops then above 1.1330.
Now med term charts are beginning to look a little oversold...we have no confirmation yet to a turn....but be careful on the downside as there is a risk of the market turning...Now below 1.1160 and then even with oversold conditions the market will trade lower and we would be looking at this coming lower for 1.1098 again....where we would currently expect the market to bottom out...
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