The low for the year his at 1.19516
The EURUSD has now moved below the March low at 1.19912 and is testing the 50% retracement of the move up from the November 2020 low at 1.19752 . Below that and the traders will eyeing the February 5 low at 1.19516.
Taking a look at the hourly chart, the price during the Powell interview fell below its 100 day moving average at 1.2027, and also a swing area between 1.20192 and 1.20231. On Tuesday, the price also fell below the 100 day moving average only to bounce back higher.
