Plenty of confluence is building up around 1,10-1,11.
1. Key Weekly zone at 1,10-1,11
2. Bears defended 1,10 on the 18th
3. Bears stepping in, again, today, defending 1,10.
4. 50-61,8% fibonacci level.
As recent as last week, the bears defended this level, and chopped of some of the bullish engulfing on the 18th.
So the bears are definitely present around this...
