Fresh lows today but there is support
EUR/USD has had a nice run since late December but it's threatening to give up the gains in a double top.
The interesting current level is 1.1961, which is very close to current levels. That was the November high that was broken on the first trading day of the year. The rally continued up to 1.21 where it stalled out at the September peak.
A break would clear the way for a deeper correction to 1.1913/04, which is the 50% retracement of the rally since December.
