The pair EUR/USD continues to push down on the Forex, showing only very few rebounds.
The fall of EUR/USD that began on the failure of the resistance of 1.2000 on Friday has strengthened today, breaking an important support.
In fact, after having marked a break above 1.1825 yesterday, testing it then to the threshold of the 1.1860 as resistance, the new wave of decline has now resulted in a break of this important support.
This has then caused an acceleration to the downside, taking away the 1.1800 and then 1.1775.
We live now near their lowest, and we could quickly direct us towards the next support of 1.1750.
Below, will follow a new important area of support around 1.1720/1.1680, which may slow the downward trend, at least in a first time.
Has the upside, the first resistances come at 1.1775, 1.1800 and 1.1825.
It will be necessary to avoid a rise above this last threshold, to maintain the downward pressure firmly in place and prevent a rebound more robust develop.
Above, targets upward will follow at 1.1850/60 then 1.1900/20.
On the economic calendar this evening we will still have a speech from Yellen to be followed, before the durable goods orders and the promises of housing sales US tomorrow.
The pair EUR/USD is currently trading at 1.1768 on the Forex.
Chart EUR/USD H1
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This chart has been realized with the trading platform TradingStation 2 provided by FXCM France.