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Forex trading: EURUSD in the KEY support area

Looking to test 1.0503 month low.

The EURUSD is down testing the KEY support at the 1.0500 to 1.0520 area.

  • The triple bottom at 1.0517-20 has been broken.
  • The Italian Referendum low at 1.0503 remains as a key target.
  • If you go way back to March 2003, the swing low stalled at 1.0499.
  • A move below that level and the low from March 13 2015 comes in at 1.0462. We may head right there on a break.

For your guide, the low close going back to 2003 comes in at 1.0493.

We trade at 1.0515 currently. The low reached 1.05089.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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