After today's move down, $EURUSD is hovering around 1.14202. Is the 1.1400 psychological level going to provide strong support, or are we looking at a break below it if the dollar strength continues?
1.1400 is definitely a key level. I'd be watching for a bounce there, but if we break it cleanly, then the next leg down could be significant.
Could be a liquidity grab around 1.1400 before a move higher. I'm keeping an eye on the DXY for any signs of a pullback there.
I'm not so sure about 1.1400 holding. The dollar strength looks pretty entrenched right now, and the euro doesn't have much going for it fundamentally.