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EUR/USD eyes 1.05 support but 1.04 seems more significant

Source: Thomson Reuters EUR/USD eyes 1.05 support, new low keeps long-term bear trend intact 1.0330/1.0415 area looks likely more significant, series of quarterly lows & highs back to 1989 sit in that zone RSIs & wider s…

By Jay L. Zagorsky
1 min read
EUR/USD eyes 1.05 support but 1.04 seems more significant
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Source: Thomson Reuters


  • EUR/USD eyes 1.05 support, new low keeps long-term bear trend intact

  • 1.0330/1.0415 area looks likely more significant, series of quarterly lows & highs back to 1989 sit in that zone

  • RSIs & wider spreads bolster bear view, Long-Term bears eye 76.4 Fib of 0.8225-1.6038 & TrendLine off 1985 low as targets

  • Pair may hold initial tests, bounce may ensue but is just a sell opportunity

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