- EUR/USD dropped further late on Wednesday, breaking below the critical 1.1500 neighbourhood and printing fresh lows near 1.1460.
- Further downside should pave the way for a test of the mid-1.1400s, where emerges a Fibo retracement of the 2017-2018 up move.
- A breach of this level would leave the 200-week SMA exposed, at 1.1331. This is regarded as the last defence of the 2018 low at 1.1299 (August 15).
EUR/USD daily chart
Daily high: 1.1500
Daily low: 1.1463