We mark the EUR chart, but this applies to USD crosses, to different degrees.

A break of this support level opens up a deeper correction. The right position to have is SHORT EURUSD. We are trading it from the SHORT SIDE.

Our brand new algo is trading systematically based on momentum (RSI derivatives) and it is identifying strong momentum to the downside. We suspect this break will happen soon and we will lose the 1.1100 figure in the next leg lower.

GBP, AUD, NZD charts look equally or more bearish.