How Low Can EUR/USD Go?

2 January 2017, 08:18
Ahmad Hassam

If you look at EUR/USD weekly chart it seems it has found support for now.

EUR/USD will make a retracement and find resistance at EMA21.

Then it will start its downward march once again.

Read this blog post that explains how low can EUR/USD go.

It all depends on the economic and political conditions.

EUR/USD is notorious for ranging a lot.

The last time it had moved big time was when FOMC Meeting announced a rate increase.

This forced EUR/USD to go down.

For now it has found support.

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