So far the euro has remained somewhat supported above the 1.2500 level and it will be important for this to continue otherwise the euro run's he risk of free falling through the 1.2400 level. I would guess there's a few important technical levels between 1.2480 and 1.2350 in addition to a treasure of stops on either side of 1.2500.
On the upside stops will be sitting above the 1.2624, 1.2653, and 1.2685 levels. On the downside there should be an even larger cluster of stops below the 1.2450, 1.2405, and 1.2380 levels.
EUR/USD key levels for today:
Upside: 1.2538 / 1.2556 / 1.2588 / 1.2624 / 1.2657
Downside: 1.2502 / 1.2477 / 1.2442 / 1.2411 / 1.2384
-David
On the upside stops will be sitting above the 1.2624, 1.2653, and 1.2685 levels. On the downside there should be an even larger cluster of stops below the 1.2450, 1.2405, and 1.2380 levels.
EUR/USD key levels for today:
Upside: 1.2538 / 1.2556 / 1.2588 / 1.2624 / 1.2657
Downside: 1.2502 / 1.2477 / 1.2442 / 1.2411 / 1.2384
-David
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