Over a longer time-horizon, the recent volatility of the last few months looks like a small compared to the range of prices that the EUR/USD has traded between over the last 18 years.
The thick dark-green support line seen in this chart shows that the EUR/USD is testing this level, and given the all the downward pressure in recent months, a break below this very long-term support line could see the EUR/USD test 1.05, and then the 1.03 level, near 2016-lows if support is not found sooner.
The thick dark-green support line seen in this chart shows that the EUR/USD is testing this level, and given the all the downward pressure in recent months, a break below this very long-term support line could see the EUR/USD test 1.05, and then the 1.03 level, near 2016-lows if support is not found sooner.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.