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MCby u/mei.choi·1moDiscussion

Is 1.1400 the next support for $EURUSD?

After today's move down, $EURUSD is hovering around 1.14202. Is the 1.1400 psychological level going to provide strong support, or are we looking at a break below it if the dollar strength continues?

3 comments · 2 points

3 Comments

KDu/kavya.desai·1mo

1.1400 is definitely a key level. I'd be watching for a bounce there, but if we break it cleanly, then the next leg down could be significant.

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HUu/hugoschneider·1mo

Could be a liquidity grab around 1.1400 before a move higher. I'm keeping an eye on the DXY for any signs of a pullback there.

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ZAu/zeynep.arslan·1mo

I'm not so sure about 1.1400 holding. The dollar strength looks pretty entrenched right now, and the euro doesn't have much going for it fundamentally.

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