Attached is the 1H chart for EURUSD. This pair has had a nice retracement overnight and as can be seen from the chart, it now rests at a crucial support. This support is quite strong and hence a break of this support could lead to a large fall/retracement.
There was an attempt to break this support but this attempt was met with a huge wall of buyers as can be seen from the large volume on the bar on this chart. We can also see a lot of previous highs on the hourly chart around this price and this again proves that this price range is a good and strong support.
On the downside, the support is at 1.4150, a break of this strong support could lead to price dropping to 1.41 and a break of this could lead to price going to 1.4010.
On the upside, the resistances are at 1.4180 and then at 1.4220. For today, i would expect this pair to be a bit weak but it would require a break of 1.4150 to confirm this weakness. Since this price is a strong support, i would expect some retracement towards 1.42 before it again tries to come back and break the support.
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