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Euro Slips To 3-Year Low

Posted On 20 Mar 2020
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The euro is down over 2% intraday as price action fell to a three-year low of 1.0655.

The declines continue, filling the gap from April 2017, as the US dollar maintains a firm footing.

A rebound above this level will see a possible short term rebound.

The initial resistance level at 1.0855 is likely to be tested.

Further above this level, the 1.1055 level will be acting as the next resistance.

About the Author
“John Benjamin Resident Analyst at Orbex. John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.” [space height="10"] At Orbex, we are dedicated to serving our clients responsibly with the latest innovations in forex tools and resources to assist you in trading. Please Director at Visit our site for more details.

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