The EURUSD fell through the trendline support at the 1.4537 level and the market has sold off on the break. The pair has reached a low of 1.4502. The correction could see the pair move toward support at the 1.4465. The R4 Targets down comes in at 1.4376.
On the topside the resistance at the 1.4621 level remains the key level. The high today reached 1.4607. Although 14 pips from this target resistance, this was close enough for the sellers to enter the market.
