A level very prominent recently is in play once again
The euro seems to have some balance and one of the reasons is the 1.0580 level that's featured strongly since Nov, and indeed back through 2015.
EURUSD H1 chart
As I type we're just nicking a new low at 1.0588 after failing to hold 1.0600. With not much going on there's two levels very close that could decide which we go from here. Hold 1.0580 and we test 1.0600. Hold that and back down we go. The obvious trade is to go with a break either way but I would want confirmation of the break before committing, and given how slow things are, we might not make it far before hitting the next bands of S&R. I see those around 1.0550/60 and 1.0625/30 right now.
