EUR/USD has fallen as low as 1.4730 thus far and another layer of stops is rumored at 1.4725. On the charts, 1.4700 is the 61.8% Fibo retracement of the 1.4480/1.5060 rally. Three bottoms on the hourly charts are arrayed at 1.4675/80 while the trendline drawn off the early April lows comes in at 1.4672 by my reckoning. Trendlines that long can vary 30-40 pips or or down, depending how you draw them, but we are approaching critical levels between 1.4700 and 1.4670, traders say.
