A quick post to highlight the key level that the EURUSD is sitting on pre -London open. Will be a very important session regarding the next directional move for the major currency pairs. A confident breach below 1.2123 will likely see the EURUSD downside accelerate and re-enforce our USD short term bullish bias. On the flip side, if 1.2123 holds, then, continued USD weakness is likely to be observed. KEY SESSION!
1. EURUSD – 4hr Chart: Moment of truth!