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EUR/USD nearing technical support level

As the EUR/USD just now falls to a fresh low on the week a moment ago, at 1.0725 it is worth pointing out the existence of a potential technical level that might be supportive. That is at 1.0721 and it represents a 61.8% correction of the move from the current 2024 low, at 1.0601 to the most recent high, at 1.0916. That has held so far of course, but if it does not, then the next support below 1.0721 is at 1.0675. The EUR/USD is just now trading at 1.0727

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