EUR/USD briefly dips below 1.2000 for the first time since December as sellers test the waters

Technical Analysis

Author: Justin Low | eurusd

The low hit 1.1993 briefly before moving back above 1.2000

EUR/USD D1 02-04
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With the risk momentum slowing down today, if there's going to be a chart to watch then this would be it. EUR/USD at 1.2000 is like the barometer for the short dollar squeeze and the recent push higher in the greenback so keep a watchful eye.

Some thoughts on the levels to take note of from earlier here.


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