Yep, that didn't last long. Stops were shredded to pieces!mlawson71 wrote: Fri Jul 26, 2019 2:25 am The pair dropped to 1.1100 after the fundamentals but then bounced off from that level and we're left with another whipsaw, as usual.
EUR/USD Technical Analysis: Looks neutral near term. A drop below 1.1100 cannot be ruled out
- EUR/USD remains under pressure following the ECB event and is expected to keep the cautious/consolidative stance for the next weeks.
- The pair clinched fresh 2019 lows just above the 1.1100 handle although sellers were unable to drag it lower.
- While further consolidation is thus expected, a test of sub-1.1100 levels should not be ruled out either for the time being.
EURUSD Daily Chart
Sources: https://forex-station.com (Chart) & https://www.fxstreet.com/news/eur-usd-t ... 1907260836 (Article)