Tide turns for EURUSD, GBPUSD.
EURUSD.
The EURUSD went through some choppy waters but rallied above the aforementioned 1.1318 trend line through Draghi’s presser. The two separate moves above that level on the 5 minute chart took the price to 1.1326 and 1.1325 respectively, but those pushes failed each time – and fairly quickly. The fall has now taken the price below the support outlined before the whole battle started at the 1.1272 level. The same question applies at the bottom as it did at the top…Can the price stay below the 1.1272 level?