EURUSD tests key support at 1.3691 as the market drifts lower.

The 1.3691 level has been a key level of support and resistance from March and also the first spike high on February 23rd. (see prior post). This level should find some support/profit taking buyers. A break, however, would target a move toward the 100 hour MA at the 1.3665 level. Topside resistance comes in at 1.3708. A move back above this level would target 1.3724.

Hurting the EURUSD is profit taking in the EURGBP which has that pair back down testing the 100 hour MA at the 0.9086 level. A break of that level might further pressure the pair. Key level for the pairs.





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