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.

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