It's back to square one for EURUSD

Author: Ryan Littlestone | Category: News

The euro went on a little journey yesterday and it's taken the scenic route back home

Yesterday morning the Euro packed its bags and set off from 1.0600. It made a few pit stops along the way and left support behind in its wake, and has now picked those back up on the way down.

EURUSD 15m chart

The first stop yesterday was at 1.0625 and that's the point we've reached today. The euro looks generally weaker across the board over the last hour or so, and EURGBP topping out ahead of the 0.86 big figure will be adding to that.

Should EURUSD move through this support, 1.0600 will be next and that might be one level too many for sellers. What has been confirmed is the strength of resistance up towards 1.0700, as I mentioned late yesterday.