EURUSD intraday/week uptrend has been revered very quickly yesterday after ECB officials made comments about short term rates and frontloading QE buying. Technically 1.1215 to the upside and 1.1060 to the downside are crucial. As you already know I have warned many times about 1.1060 downside level and today it has been tested again. EURUSD has made a double bottom there (almost triple bottom) and daily close below the level opens the door for 1.0940 in the short term. To the upside 1.1215 is crucial as close above targets 1.1354.
Two swings which I marked on the charts are clearly depicting EURUSD sentiment and at this moment it is very important to watch closes above/below these levels and reactions to it. Tonight FOMC will bring additional volatility to the pair.
The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.
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