From a technical standpoint, the decline pushed the pair back below key support at 1.0406, a critical area that includes:
The 38.2% retracement of the February low-to-high move.Last week's swing low.The 50% retracement of the broader range since 2022.Key Levels to Watch
Resistance: Immediate selling pressure could build near 1.03814, while a more conservative risk level sits at 1.0406.Support: On the downside, the next key target is the 61.8% retracement at 1.0331.A sustained move below these levels could open the door for further downside momentum.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about eurusd falls below midpoint of february range was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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