EUR/USD is 0.55% lower on Tuesday as the tough start to the week continues. There is a big level near 1.15 where a Fib retracement, support level and a round number meet. EUR/USD daily chart EUR/USD looks like it may take a dive soon as the price printed below an important level. The consolidation low is marked on the chart in black and stands at 1.1694 and the price dipped just under the zone to hit a low of 1.1690. This means a lower low and lower high wave have been created on the daily chart. Those traders that follow Dow theory know that this could spell trouble. It would be a better confirmation if the price closed below the level on the daily chart but we will have to wait and see if that is the case. Looking at some of the other technical targets, the Fibonacci retracement and extension throw up a significant level at 1.1487. This is where the 38.2% and 261.8% meet. Also close by at the red line is a level which has been used as both support and resistance in the past. The indicators are looking pretty bearish too. The Relative Strength Index is under 50 and still has some room before it hits the oversold area. The MACD histogram is in the red but the signal lines have not yet crossed the mid-point. Overall, this looks like it could be a trend change. Once again a candle close below the aforementioned support zone at 1.1690 would go some way to confirm this. For now downside targets are in play unless there is another strong rejection later on. Additional levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZD/USD drops to lowest in almost two weeks at the 0.6630 area FX Street 2 years EUR/USD is 0.55% lower on Tuesday as the tough start to the week continues. There is a big level near 1.15 where a Fib retracement, support level and a round number meet. EUR/USD daily chart EUR/USD looks like it may take a dive soon as the price printed below an important level. The consolidation low is marked on the chart in black and stands at 1.1694 and the price dipped just under the zone to hit a low of 1.1690. This means a lower low and lower high wave have been created on the daily chart. Those traders that follow Dow… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.