EUR/USD dropped below the uptrend line signaling a potential downside movement, reversal. It's trading at 1.2014 above 1.2003 static support, former lows.
Dropping and stabilizing below 1.2000 psychological level could really signal that the pair could register a deeper drop.
Trading Conclusion!
Its failure to stabilize above 1.21 and a potential drop below 1.2000 could indicate a further decline towards the 1.19 psychological level.
The material has been provided by InstaForex Company - www.instaforex.com