We may have put on a decent show since last weeks low, particularly on Friday, but once again a move up has been short lived.
The June 2010 has been the top and a resurgent dollar has sent the euro packing to below 1.1800.
EUR/USD H1 chart 12 01 2015
The 1.1780/85 area is the first line of support around here, with an eye on the recent lows at 1.1760/50.
There’s still nothing much to like about the euro and if you’re playing from the long side short term then taking some or all off the table at these upside failures is the way to go. The sellers are firmly in control and they’re making it very hard work for everyone else.
