Attached is the 1H chart of EURUSD. The fall from 1.37 continues and this shows that 1.37 has indeed proved to be a temporary and the 2 day bearish pin bar seems to have worked just fine.
EU is now close to a very strong temporary support at 1.3428 and this could be a place for small longs with tight SL the first time that it visits this price. With the strong support just below, i am looking for a small retracement back to the 1.35s and after that, it purely depends on the price action on whether it wants to continue up or go down.
As pointed out, on the downside, the support is at 1.3428 and the break of that could lead to 1.3380 and then to 1.33 which should again be a very strong support.
On the upside, the resistances are at 1.3460 and then at the round number at 1.35. A break of this could then lead to 1.3550 and at this point, it will be important to see if this resistance is broken convincingly. If yes, then we are going back up. If no, if are continuing down.
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