EURUSD Testing Short-term Support

Quote of the day: “I say luck is when an opportunity comes along, and you’re prepared for it.” -�Denzel Washington
EURUSD – 1.4377 @06:28 GMT
Good morning. The euro starts the week under pressure, testing support into the 1.4350-1.4380 zone, extending Friday’s decline from 1.4500. My initial plan to buy on the break above 1.4500 was not fulfilled but selling on break below 1.4450 was a good idea. Now that the weakness signs are quite obvious, I think it’s better to look for selling opportunities either on upside pullbacks or breakdowns – and 1.4350 is the support level to keep an eye Read More

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