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EUR/USD closing in on next technical level

As noted in the previous update, the EUR/USD has now fallen below the 1.0700 handle and that means it is dropping closer to the next potential technical support level. That is at 1.0675 and it represents a 76.4% correction of the move, from the 2024 low, at 1.0601, to the most recent high, at 1.0916. The low seen so far has been set at 1.0690. After that there is not really much standing in the way of that current 2024 low. The EUR/USD is currently trading at 1.0691
 

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