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Thomson Reuters
Aug 10 - 03:48 AM
EUR/USD - Cracks Support, Next Leg Lower Begins
First appeared on eFXplus on Aug 10 - 01:30 AM
  • EUR/USD down to 1.1439 on FT article about Turkey Click here

  • Stops and barriers below 1.1500 accelerate the move lower
  • Next support 1.1448, 50% retracement of Jan 2017/Feb 2018 rally
  • Trend firmly lower as daily and weekly technicals head lower
  • Little prospect of a turn as various factors weigh including Italy
  • Turkish finance minister due to announce latest plan for economy Friday

EUR weekly: Click here

Source:
Thomson Reuters IFR Markets

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