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.

ForexLive

Articles You May Like

EU leaders could meet on Nov. 25 to seal Brexit deal – Reuters
Gold Prices May Fall on US CPI Uptick, Hawkish Powell Comments
Saudi Arabia to slash oil production levels – Globe and Mail
UK October CPI +0.1% vs +0.2% m/m expected
Pound tumbles -1.7% against the euro in biggest decline in a year

Leave a Reply

Your email address will not be published.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