EURUSD Four Hour Chart: Testing Trendline support at Aprils Lows. EUR/USD is testing the first area of support that we were looking for on Friday, and this comes-in at a confluent area taken from the mid-March and early-April swing-lows, which also happens to come-in around a trend-line projection taken from the March and April lows. A bit deeper we have another level of interest at 1.2167, as this is the 50% retracement of the 2014-2017 major move, and this level has twice come-in as key support already in 2018 for EUR/USD. If a down-ward break doesn’t hold up there, the 1.2000 level is exposed for a re-test.
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