Hello.
As we are midway through the Asian session, let’s get a preview of the EUR/USD.
As we approach the European opening, we saw the Euro weaken across the board yesterday as a result of poor economic data.
Technically speaking, we’ve have a support line that has popped up and would indicate a continued move down if broken (Level 1). If the currency breaks and moves away from Level 1, then look for it to test Level 2. We’ll watch the opening of the session through the New York session for developments.
Watch your announcements and be sure to apply your money management.
Happy trading!
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