Technical Analysis

Euro falls to session low, puts support at 1.1300 back in play

The follow up on the rejection of 1.1300 isn’t encouraged

The big picture is that 1.1300 is a key area of support, even moreso after what looked like a huge rejection yesterday. But today’s dip back down to 1.1379 ready cuts through the 50% retracement. The 61.8% level is 1.1361 and if that gives way, I think it will head right back to the floor.


Articles You May Like

USD/MXN: Mexican peso open to a squeeze – TDS
Weekend Brexit – Reports that UK PM May told she had to resign for deal approval
UK post not about Brexit … CPI data due Wednesday, preview
Gold Price Outlook Clouded by Recession Signals, US Econ Data Drop
BoE: No fireworks offered – Rabobank

Leave a Reply

Your email address will not be published. Required fields are marked *