EUR/USD falling below trendline and Fibonacci support
EUR/USD has been turning lower overnight, with the price selling off the back of a resolution to the US government shutdown.
That has taken us down past the confluence of the 76.4% retracement and ascending trendline support. The ability to maintain above the $1.2223 level is going to be key from here, with a fall below providing a somewhat more bearish outlook for the short term. Until then, the recent creation of higher highs and higher lows points towards a strong possibility of a move higher before long.