The resistance tech levels come thick and fast in the 1.09's
Greg has his fibs set slightly wider than mine on his post but that matters not as the way we both approach them is the same. My 61.8 fib is from the Nov swing and comes in at 1.0932. It sits just shy of another former support level at 1.0950/55.
EURUSD daily chart
The 55 weekly ma sits above those at 1.0986 and the 100 wma just above that at 1.1020. That might give the big figure some additional resistance to factor into to any protection of 1.10, which will be a big fat level in itself.
1.0880 was an old remembered line from when we used to see the 1.08'ss acting as support in 2015. It wasn't up to too much as resistance here (even joined by the 200 dma) but could factor as support if we fail to hold 1.0900 (which seems the case as I type).
I wholeheartedly agree with Greg that the 1.0820/30 area is now likely to be where the main support will now be parked up.
The lack of any sort of decent stop run through 1.0900 suggests that sellers are still heavy in the rallies so it's likely to need a push through 1.0910/15 to clear those.
USDJPY continuing to hold above 110.00 will help keep a lid on but keep half an eye on EURJPY, which is looking fairly bullish and its sights on the late week's high at 120.25.
