EUR USD Testing 50% Level

The EUR USD confirmed yesterday’s closing price reversal top and changed the main trend to down on a trade through 1.4119.

Intra-Day Analysis

EUR USD

The EUR USD confirmed yesterday’s closing price reversal top and changed the main trend to down on a trade through 1.4119.

Based on the range of 1.3832 to 1.4304, the first downside retracement target is 1.4068 to 1.4012.  Currently the upper level of this zone is being tested.

Day-traders should watch to see if there is a technical bounce from this level.