EUR/USD turning lower from key resistance level
EUR/USD managed to push into the crucial $1.1250 level yesterday, with the pair turning lower this morning. Given the wider uptrend, this move is what we were looking for as a precursor to another push higher for the pair.
We are now seeing the pair fail to create a lower high, any move lower from here is perceived as a good buying opportunity rather than a reason to sell. As such, a bullish view is now in play unless we break below $1.1109.