It’s the moment of truth for the Euro as price once again dips down towards the November slope support line. In my last EUR/USD Technical Outlook we noted that price was approaching the lower bounds of the recent support range highlighted by, “1.1351 backed by the highlighted trendline confluence around 1.1320 – look for a bigger reaction there IF reached (broader bullish invalidation & an area of interest for possible long-entries).” Price registered a low at 1.1336 before posting a 4-hour outside-reversal bar higher. Look for a break of the weekly opening-range high to get things going with initial topside objectives eyed at 1.1410 backed by more significant resistance at 1.1445/57 – where the 100-day moving average and the yearly open converge on
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