Euro updated technical trade levels & sentiment – Weekly ChartEUR/USD plunges into downtrend support at multi-year lows– risk for price inflectionWeekly support 1.637/56(critical), 1.0532, 1.0449; resistance 1.0831, 1.0936, 1.1103(key)Euro plummeted more than 7.4% off the yearly highs against the US Dollar with the EUR/USD breakdown plunging into support at the 2020 swing lows- the first major hurdle for the bears. While the broader outlook remains tilted to the downside, we’re looking for possible inflection off this zone in the days ahead for guidance.
Euro Technical Forecast: EUR/USD Slams into Support at 2020 Lows
