Here’s the Key Levels in the EUR/USD for Monday

The Euro has rallied thanks largely to a weak USD. The key area of interest for me today is the 200 SMA on the 4-hr chart. As you can see below we have tested it twice now and bounced off.

Longer-term I suspect that we will continue to sell off so I want to ride that higher timeframe trend and look for opportunities to be selling.

Key Support and Resistance Levels

EUR/USD – 240 min Chart.