Stiff EUR/USD bids at 1.3750 were an important line in the sand for euro bulls but the support broke earlier today and now the pair is continuing lower.
The next level to watch is the confluence of the 55-day moving average at 1.3710 and the March low of 1.3708. The 50% retracement of the Feb-March rally also clocks in at 1.3722.
EURUSD daily (55dma green, 100dma, red)
The orderboard shows heavy bids around 1.3705 and more at 1.3694 follow by the 100-day moving average
