EUR/USD tumbles through support and 55 dma

Still fairly choppy and light in the market and quick as a flash, after bouncing from the level earlier, we’re down through to 1.3613.

EUR/USD daily chart 03 01 2014

EUR/USD daily chart 03 01 2014

Expect to see some support ahead of 1.36 with daily support at 1.3608, then we have monthly support at 1.3576. We’ll also see if the 55 dma acts as resistance now.

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