Euro at a crucial zone
Euro is right on 1.15 fib and psychological level now. See if this level holds. If level is broken, price is likely to retest 1.15 as resistance, continuing further down to 1.145.
If 1.145 is broken, there is some serious downside with no near-term support.
On the 4hr, rsi is entering oversold territory, so even if 1.15 is broken, price should bounce back towards it before continuing any declines.
Note that EU brexit summit is in 24hrs. Everything also depends on italy's budget announcement.
If 1.145 is broken, there is some serious downside with no near-term support.
On the 4hr, rsi is entering oversold territory, so even if 1.15 is broken, price should bounce back towards it before continuing any declines.
Note that EU brexit summit is in 24hrs. Everything also depends on italy's budget announcement.
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