Lower trendline cuts across at 1.13058
The EURUSD continues its tracking to the downside and in the process is moving closer to a lower trendline at 1.13058. The 61.8% retracement of the move up from the March 2020 low comes in at 1.12876.
The a pair is working on its fifth consecutive day to the downside. Since the swing high on November 9, the price has moved down 289 pips.
