EURUSD works it’s way to top of next lower swing area and finds some buyers

EURUSD

EURUSD tests the top of the swing area and stalls

The EURUSD moved down to a low of 1.1279 on the headline news/rumours/sarcasm….whatever.

The low reached 1.12791 which was right at the highs for the swing area between 1.1263 and 1.1279 (see red numbered circles). A move below that swing is next downside target.

For sellers, looking for more (or looking for an invasion) the 50% midpoint at 1.13075 is close resistance.

Nasdaq stocks are back in positive territory after falling to a low of 13664.76, down -126.40 points or -0.92%. The S&P is still down by about -12 points after trading to as low as -53.75 points or -1.22%.

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