1.1200/05 now support after the break
Traders note that Mike's clan, the interbank, were sellers through 1.1170/80. Mike will probably clarify how they play but if they were just after the stops then they are likely squared up by now
That leaves the rest of us wondering what is going to happen now?
1.1150 is obviously support and we're likely to see resistance coming in around 1.1200/1.1205 followed by 1.1220
EURUSD 15m chart
Should we re-take 1.1200 that will put us back in the session's range with further mild resistance at 1.1230, then stronger at 1.1250, 1.1280 and 1.1290/1300
Tech support on a break of 1.1150 is pretty scarce until 1.1110/00 which is the 50.0 fib of the 27th May swing, and 100 H4 ma
EURUSD H4 chart
