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EUR/USD hits fresh session lows as it nears 1.10
Well, given the US data today and the continuing reasons for the EUR/USD to fall back further, perhaps it is of no surprise to see it come even closer to the 1.10 handle just now. This is a level that has been highlighted here for a while now along with the outlook for the Euro to keep falling back. It has not gotten tested yet, but it is close now. So, if that 1.10 handle does not cap the fall, there is not much in the way of technical support lower down ahead of 1.0925. That is not to say that 1.10 will give up without a fight, because it could produce some sticky price action. There are bound to be some buying orders in place around there too. However, that is indeterminable at this stage. The low seen a moment ago was set at 1.1008. The EUR/USD is currently trading at 1.1019
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