The Next Euro Swing?

We’re presently close to a critical short-term pivot point for the Euro which may provide the impulse to begin a new swing to the upside again.

Prices have bottomed and are approaching the important 1.10 level. As you can see on the chart below, the arrow shows the price area to be watching closely.

eurusdWhat will confirm this price crossing as ‘authentic’ and highly probable will be if an hourly bar closes above the 1.10 price level. Shorter spikes won’t provide enough momentum to start an uptrend that will last. – George