EUR rejected of our main multi pivot resistance at 1.1109. As I mentioned, after the price reached Pitchfork median line, we would form several smaller swings before new direction.
Full focus is now on the support at 1.1066. The potential downside breakout of support may lead for test of 1.1029.
MACD oscillator is showing increase on the downside momentum, which is good sign that sellers are in control and that selling on the rallies is preferable strategy for today.
