EURUSD 30 MINUTE CHART – Will 1.08 trade again?
As noted in the eek ahead and again yesterday, my view is to treat moves to the upside as retracements unless 1.0839 is firmly taken out.
See this chart and how the Amazing Trader resistance line held.
Now we see if 1.08 can exert a magnetic pull as it enters a 1.0800-10 support zone.
Note how EUR crosses have undercut the earlier EURUSD bid (e.g. EURJPY held resistance, EURGBP dips).