Big support level broken
EUR/USD is a handful of pips away from the March low of 1.1704 and the key 1.1700 level. That’s a level that’s been defended twice before and is the lowest since just before Biden was elected.
The FX market is throwing up red flags all over the place this week as yen crosses break down and economic data misses estimates.
This article was originally published by Forexlive.com. Read the original article here.