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Aug 21 - 08:55 AM

EUR/USD - Drops Over The Edge

By Jeremy Boulton  —  Aug 21 - 06:40 AM
  • EUR/USD drops below 1.1800 reaching 1.1784 EBS

  • Aug 13/14 lows 1.1780/82 represent next minor support

  • Break would expose Aug 12 low at 1.1711

  • Pair now set to close below 21-DMA @ 1.1803

  • A 76.4% retracement of August' s rally is 1.1759

  • A drop below 1.1759 would suggest pair will retest Aug low @ 1.1695

  • Profit taking will limit EUR/USD strength nL1N2FN09H



EUR/USD Click here

Source:
Refinitiv IFR Research/Market Commentary

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