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Bias stays lower

EURUSD

A Monday prod lower below 1.1013 support, to reinforce Friday’s plunge through 1.1053/51 and 1.1030 supports, fully rejecting Thursday spike higher above the key 1.1092/93 resistance area (for an intermediate-term bullish shift), to switch risks back lower for Tuesday.

  • We see a downside bias for 1.1002; break here aims for key 1.0988 and maybe 1.0959.
  • But above 1.1032 opens risk up to 1.1060 and maybe 1.1097.
by Steve Miley November 26, 2019
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