Takes out the 2019 low at 1.1175
The price of the EURUSD has slipped to a new low for 2019 and trades at the lowest level since June 2018.
The fall has taken the price below the 2018 low at 1.1175. It also fell below the 61.8% of the move up from the January 2017 low to the 2018 high. That comes in at 1.11858. The low has reached 1.11628. From the daily, the 1.11178 is the low from June 2017.
IN an earlier post I outlined how the 1.12037 was the 50% of the day’s range. A move above would tilt the bias back higher. The price high since that post stalled at 1.1204 before resuming the fall lower.