Tests swing low from November 2017
The EURUSD is trading to new session lows and in the process is retesting the November 2017 swing low at 1.15526. That low was broken in May with a move to 1.1509. In June, the level was broken again with a swing low at 1.1507. A break of the 1.15526 level will have traders eyeing the double bottom at the 1.1507-09 area.
If broken, the price would next target the 1.14472 level. That is the 50% of the move up from the January 3rd, 2017 low.