Falls to the lowest level since December 6
The EURUSD has continued to move to the downside after falling below the week's low level at 1.10696, the 100 day moving average at 1.10667 and an upward sloping trend line at 1.1069. Stay below that area keeps bears more in control.
Staying on the daily chart, the swing low from December 6 comes in at 1.10392. That is the next target. Below that the 1.10162 is the 61.8% retracement of the move up from the October 2019 low (see chart above).
On the 4 hour chart below, the 1.10392 will have traders looking toward swing areas from the end of November at 1.1028 to 1.1031. Break below those levels and the 1.1000 natural support level will be targeted, Followed by the end of November low at 1.09806.
