Yesterday price broke back bellow 1.1000 psychological level.


Those who trade pin bars, entered short already on the break of low of Fridays candle, which rejected 1.1000 resistance, but it closed a bit above it. So we need to wait to get further evidence that price will move south and yesterday price broke pin bar low. Those who want to join down move, need to wait for some retrace back to value or round number 1.0900.

Next support I see down at 1.0520.

Later today FOMC member Dudley speaks, which could bring some volatility to the market and then tomorrow we have Unemployment Claims in US. There is no major red news in EU tomorrow, but we again have Draghi speak, which lately want to talk EUR down.

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