Still having trouble against the level
The EURUSD has set the broken trend line as a resistance level today. ON the run higher aftter the employment numbers, the price stalled against that level. Sellers leaned.
More recently, the price stalled ahead of the level.
The last high reached 1.1235. Looking at the daily chart below, the 1.12335 was the low in February (broken yesterday) If the price is to go higher, that level is also a barometer for bulls/bears.
Yesterday, the EURUSD got creamed after the ECB slashed growth and inflation forecasts. That has the EURUSD on the defensive.
