Target area 1.0833 to 1.0777
The EURUSD has broken below the 1.0910 low from June. That has the EURUSD looking toward the next major targets. It is open road to the downside.
Looking at the daily chart, the 1.0777 to 1.0833 has a number of swing levels. That strip of chart real estate goes back to May 2015. There were two times in that time period, where the price pushed below that area (19 day closes below with nearly all in the Nov/Dec 2015 time period. In 2016, there has been 2 days where the price traded below the area, but only one close below the level. The most recent lows from March stalled at 1.0821-24.
For now, risk for traders short can be at 1.0910-20 area. That was the low from June and the low are from yesterday's trading.
