Euro retests the 1.1113 floor: can it reach 1.1190?Euro vs. US DollarFX:EURUSDEdoLab-MarketsFor EURUSD, the weekly chart defends 1.1113 while the 4H chart runs into 1.1190. The euro touched 1.1113 on October 14 and again on October 28, in two different weeks and at its lowest in over a year. It bounced to 1.1169, dipped to 1.1104 today before recovering, and now trades near 1.1160. Above, the 1.1180-1.1190 shelf held price from October 15 to 23, gave way on the 26th and is now a ceiling. Key level: 1.1113 (weekly double low) What we're watching: a 4H close above 1.1190, the top of that shelf. The floor holds on closing prices, but the trend still points down from 1.1380 on September 30: for now it is only a bounce off a low. 👍 Trigger: a 4H candle closing above 1.1190 takes the shelf back, with 1.1225, the October 25-26 highs, as the next target. 👎 Stop (invalidation): if a 4H candle closes under 1.1110, the euro has lost its weekly low and the way down is open. Setup Rating — 2/5 ⭐⭐⭒⭒⭒ (price pushes under the shelf, the floor already took a wick today and only a 0.3% run is left to the next high) Does it hold 1.1113 or lose it this week? 👇