EURUSD tests a broken 38.2% retracement
EURUSD has now withdrawn all its previous gains and is now trading lower this day. It is currently being re-tested to be broken by 38.2%, moving from a low of 1.18148 on 20 August. Moving below this level, traders look at the lowest points of the week between 1.1800 and 1.18044. This level has been a swing level dating back to August 6 (see red numbered circles).