Looks over the ledge and holds
As NA traders enter for the day, the EURUSD has gone to the edge of the non-trending extreme and bounced on the first look over the edge. This is the level that needs to be broken and stay broken if this 16 day non trending up and down quagmire is to change.
The topside resistance against the cluster of resistance has held. If the bears want to take it lower, this is the edge of the cliff. If they don't have the power, the will to do it, we will see it.
See weekend video HERE
Next targets should there be a break the low for July at 1.1000. The 61.8% of the the move up from the December low is 1.09377. The low in June is 1.0909.
