EUR/USD extends fall after breach below 1.1800


EUR/USD touches a low of 1.1767 on the day

As mentioned earlier, it’s quite a bit of a slippery slope now that we have breached below the 1.1800 figure level in the pair.

The next key region of support levels are seen around 1.1690 to 1.1728 with multiple daily lows around those levels but in between there and where we are now, there isn’t much else technically to stall the declines seen at the moment.

Otherwise, the big level to look out for is 1.1709 – the 38.2 retracement level on the daily chart – as pointed out here.

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