- EUR/USD is prolonging the leg lower following the FOMC meeting and amidst jitters on Italian politics, intensifying at the same time the rejection from the 1.1800 neighbourhood.
- The pair has broken below the short-term support line on Thursday, opening the door for a continuation of the retracement to, initially, September’s low at 1.1526.
- Further decline should allow a new visit to YTD lows just below 1.1300 the figure.
Daily high: 1.1652
Daily low: 1.1614
Support Levels
S1: 1.1600
S2: 1.1560
S3: 1.1481
Resistance Levels
R1: 1.1720
R2: 1.1799
R3: 1.1839
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