EUR/USD Long-Term 18-year support line tested
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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