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EUR/USD falls towards key support level
EUR/USD has sold off sharply over the past two days. Despite early gains at the open on Monday, we have seen the pair moving back towards the crucial $1.0760 support level. The pair needs to maintain the price above that level to remain within an uptrend.
While we are seeing significant losses in play, it is worthwhile noting that there is a good chance we will see the pair turn higher once more if it fails to break below $1.0760. Conversely, an hourly close below that level would likely pave the way for a more bearish period for the pair.