Below swing levels and 50%
The EURUSD has made a break to the downside in trading today.
The break took the price
- below the swing low from Jan 19 at 1.05879,
- the 50% of the move up from the January low at 1.05839 and
- the swing low from Jan 16 at 1.05786
The next targets come in at:
- 1.0535. Minor support from swing low on Jan 10 and
- 1.0526. 61.8% of the move up from the Jan low
For now, with the targets 30-40 pips away, the trading is about stay below the BREAK point. Stay below the yellow area and the sellers remain in control. Move above and something else is happening.