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ANALYTICAL EDUCATION ON EUR/USD

OANDA:EURUSD   Euro / U.S. Dollar
EURUSD The EUR/USD has big SUPPORT test up just at its feet. The 1.13000 support level is huge. It all began back on the day of the U.S. Presidential elections when the Euro spiked and dropped. In August it was used as a big level of support and more recently buyers were found on 10/31. It is to be treated as a support until a role reversal occur, but if it that does not occur given its importance, it could trigger a swift move lower and take out the under-side trendline from a year ago.

ref:dailyfx
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