Open Demo Account
Home / Market Update / Forex Market / EUR/USD to test March 2020 low of 1.0636 on a drop below 1.07

EUR/USD to test March 2020 low of 1.0636 on a drop below 1.07

Mohamed Abdelhamid 25 April, 2022 5:45 pm Forex Market, Market Update

THE EUR/USD pair firmly broke under the 1.08 figure, surpassing last week’s intraday lows, and tested the low-1.07s. After the 1.07 level, the March 2020 low of 1.0636 stands as key support, economists at Scotiabank report.

The 1.07 zone stands as key support ahead of the next key level of 1.0636 – its March 2020 low. Resistance after the mid-1.07s is ~1.0780, the 1.08 area and the mid-1.08s.

Tags

Check Also

Japanese Yen Slides Toward 40-Year Lows as Markets Doubt Immediate Government Action

The Japanese Yen came under renewed selling pressure at the start of the week, pushing …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends