EUR/USD Breaks Down, Oil Exams Key Assist as Danger-Off Hints Seem
Value Motion Setups Webinar
EUR/USD Recent 2020 Lows
In all probability essentially the most notable event from this morning has been a breakdown in the Euro. This morning introduced an ECB fee resolution into the combo; and Christine Lagarde didn’t actually say something both hawkish or dovish (she does determine as an owl, in any case), however the single forex was capable of push right down to a contemporary 2020 low after holding at a key area of support over the past couple of trading days.
Bearish continuation approaches may very well be difficult by an enormous batch of assist sitting beneath present price action, working across the 1.1000 psychological level that had come into play to assist maintain the lows in December of final 12 months.