Based on the current price at 1.0914, the direction of the EUR/USD today will be determined by traders reaction to the main Fibonacci level at 1.0932.
Sustained move under 1.0932 will indicate the presence of seller postions. The daily chart indicates there is plenty of room to the downside with the next target a support cluster at 1.0821 to 1.0819.
Overtaking 1.0932 will indicate the buying is getting stronger. Taking out 1.0950 could trigger an acceleration into the long-term downtrending angle at 1.0996.
Watch the price action and read the order flow at 1.0932. Trader reaction to this level will set the tone for the day. Happy Forex Signals
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