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EUR/USD Settles In Near Recent Lows, Potentially Poised For Breakdown

Discussion in 'Technical Analysis' started by Kaitlin, Feb 26, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    After dropping sharply for the past two weeks, EUR/USD has tentatively settled in on Thursday just off Wednesday's new three-week low under 1.1000. During the course of this precipitous drop, the currency pair broke down below previous major support at the 1.1100 level and has fallen to consolidate around a[​IMG]

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