On Monday, the euro broke down an important level of 1.1285 and closed the day below the range limit.
This is an important technical signal at the beginning of a big trend downwards.
However, while such an option is possible: the signal may turn out to be false - the price has passed too short a distance in the direction of a breakthrough - and there is an option of a reversal upwards.
We keep selling from 1.1285 and look forward to a continuation of the downward movement.
In the event of a full reversal, we are ready to buy the euro not closer than 1.1515.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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