EUR/USD, 1.0900 support gave up!

eur-usd 26.03.

I wrote in my yesterday’s EUR/USD analysis that the buyers could test 1.1050/70 and they did it during the morning. The pair touched a new 15 days high 1.1051, after wich the sellers have taken the control and push the pair back. The strong pressure on the 1.0900 support was maintained for 4 hours and the buyers gave up from that level. Could this level become resistance now and where the buyers will wait for the new opportunitie? This present level at 1.0850/60 was previous resistance from March 20./23. and that could be minor support now, up trendline and H4/MA100 is placed at 1.0780/800 and that could be the second line of defense, stronger support is down at 1.0750/70.

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