EUR/USD Testing Support Levels

By: Charley Warady

In this Forex market, it looks like the dollar strengthening has finally put an end to the bull move in the EUR/USD, however it may not be time to get particularly bearish yet. There is a double bottom that might prove to be a strong support if it can hold the 1.3737 level. The market has fallen off the highs but it's a far cry from making new lows.

If it breaks through this support, the next support is a short way to 1.3697, but it's not a strong support and the bears will be sharpening their paws. 

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