EUR/USD approaching huge support level
EUR/USD has continued its decline, with the pair hitting a six-month low in early trade today. That brings us within touching distance of the critical $1.1554 support level, where a break below there would point towards a hugely significant bearish shift for the long-term picture.
As such, keep an eye out for how we respond to that $1.1554 support level if selling persists, with a break and close below it pointing towards further downside to come. A break through the $1.1728 swing high would be required to negate the bearish trend currently in play.