FX:EURUSD Euro Fx/U.S. Dollar
EURUSD Daily broke and close below the 1.10000 level. Price is trading towards the low of the down channel. The 1.10000 zone has acted as support in the past and could do so again.
Its possible this level could old again. This level is also close to the 61.8% retracement of the larger trading range. Price could rotate to the bottom of the range. Lets wait and what the price action reveals in the next couple of hours. Note that the short term trend is currently down as we are trading below the 50 SMA, 20 SMA and price is below the PSAR. Happy trading!