- Pair seen easing above 1.1000 making short work of apparently heavy offers
- Momentum suggests bullish trend, favoring further squeeze on shorts
- Stops located above 1.1040 & 1.1060. Shorts into 1.1050-1.11 popular strategy
- 1.1098 = low post ECB announced QE plans in Jan
- Traders expect a topside overshoot before downtrend resumes






