Euro Forecast: EUR/USD Outlook Bleak if 1.16 Support Breaks
November 01, 2020 at 07:17 AM EST
EUR/USD is in danger of dropping if support at 1.16 breaks. The recent low for the pair was at 1.1611, touched on Sep. 25, and the price was last below that level back on Jul. 24. It has now traded for more than 3 mos. in the 1.16 to 1.20 range.