The EUR/USD pair had made a sharp correction yesterday, a move which was supported only from technical point of view.
There were no major reports yesterday, so it seems levels between 1.07 to 1.09 are crucial buying levels. The price went up more than 100 points, from 1.0820 to mid-1.09.
So today, where are we headed?
When looking at a daily time frame, yesterday's candle ate its past 3 candles, and might signal to us a strong correction up. The general direction though, if we want to be conservative, is down. Price is still below 20 MA, RSI level is bullish, and price is in a serious new low every couple of days. 