I was asked to identify the levels I’m using for support for EUR/USD. Here goes:
1.4850 was the hourly low from from Monday morning in Asia, while 1.4840 is the 38.2% retracement of the 1.4480/1.5060 rally.
Further on the downside, the 1.4805/10 area provided repeated support on the hourly charts last week while on the daily charts we find uptrend support comes in at 1.4812 today. A break and close below 1.4800 would be seen as signaling a medium-term EUR/USD top, I believe.
