EURUSD remains in downtrend from 1.2569, and the fall extended to as low as 1.2216.
Further decline could be expected after a minor consolidation, and next target would be at 1.2000 area.
Resistance is at 1.2350, only break above this level could trigger another rise to 1.2500 zone.
Editor’s Note: Equity investors/traders can use the Currency Shares Euro Trust (FXE, quote) ETF to take positions in the euro without a FOREX account. The ETF looks to track the price of the euro (EURUSD), minus ETF fee. The fund seeks to reflect the price of the euro with the shares representing a cost-effective investment relative to investing in the FOREX market.
Content curiosity of FOREXCycle
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