Tests the 61.8% of the move up from the 2017 low
The EURUSD has extended to a new session low and in the proces is testing the 61.8% of the move up from the 2017 low at 1.11858. The low for 2019 is at 1.11774. A move below those levels does not have much support until the lower trend line at 1.1090 area (and moving lower).
As mentioned earlier, the EURUSD has been down 7 of the last 8 trading days. The close was at 1.1211 yesterday. Traders last took the price to that level and stalled the rally. Sellers remain in control....
