I definitely would have thought that the 2009 lows in the EURUSD would have
provided a little bit more buying support, but that wasn't to be. As you can
see from the weekly chart (figure 1) of the EURUSD, price is well below the
key pivot point at 1.25674. This level is now resistance. The next stop is
the 2006 lows, which reside in the zone between 1.16 and 1.19.
I will state the obvious here: market risk remains high!
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