EUR/USD looks set to retest a key resistance zone ahead of the U.S. retail sales data!
In case you missed it, a bit of risk-taking in the previous trading sessions helped pull EUR/USD back from its 1.0700 weekly lows.
The pair is now trading closer to the S1 (1.0740) Pivot Point line, which is also near the 1-hour chart’s 100 and 200 SMAs as well as a trend line resistance that hasn’t been broken since mid-January.
How low can EUR/USD go?
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