Sellers keep the pressure on the pair.
The EURUSD fell below a swing area at the 1.0983 to 1.0989 level earlier today and has been able to stay below that level. See earlier post outliniing the levels HERE.
Sellers taking note of the resistance holding, stepped on the gas for another run lower. The pair reached and moved below the lows from Monday at 1.09656 and traded to the lowest level since September 12 (the ECB policy decision day).
The pair has not seen much momentum below the previous low reaching 1.09628, but seller remain in control. Risk for sellers looking for more downside remains at the 1.09834-894 area. Stay below keeps the sellers in firm control.
Can you buy here?
If you do, I would not risk much on a break.