The EURUSD has also broke to the downside as focus turns to the EU as a potential whipping dog for Trump.
Technically, the prices also making a key break below support.
The low price going back to April 15 and May 1 at 1.1265 was broken. Before that, the 61.8% retracement of the trading range since the 2020 high at 1.1271 and the swing high from 2023 at 12754 was broken. That area between 1.1265 and 1.1275 is now a risks defining level for sellers looking for more downside.
A closer risk level would be the broken 38.2% retracement of the trend move up from the March 27 well. That level comes in at 1.27505. Staying below that level gives the sellers a go-ahead to push lower.
The next key target would be the 50% midpoint at 1.11509. If the sellers are to restart their control, getting to that level is a level to aspire toward.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about eurusd falls below key floor support and the 38 2 retracement 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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