EUR/USD slips below 1.1800 for the first time since 19 December

Author: Justin Low | Category: News

Also takes out reported barriers at the figure level

It's a slippery slope from here. The next key support levels on the chart will come from the region around 1.1690 to 1.1728.

Looking at the daily chart, there is also the 38.2 retracement level @ 1.1709 seen as the next support too, but in essence it just means we still have quite some way to fall before seeing buyers having a clear and clean area to define and limit risk.