The EURUSD is back up testing the low price from 2005 at the 1.1635 level (see chart below).
EURUSD on a monthly chart.
Looking at the 5 minute chart, the pair is also testing the 38.2% of the NY session move lower. That too is at the 1.1635 level. Will the sellers lean against this level and keep the pressure on the pair?
So far today, the technicals have been doing a good job with the 1.1743 level holding nicely at the NY session high, and the lows holding a nice trend line on the hourly chart.
EURUSD testing the 38.2% and the 2005 low at the 1.1635 level.