EUR/USD looking heavy

Looking at the EUR/USD chart we can identify the recent bearish ‘Death Cross’ and the key nearby support levels of 1.3141 (the recent low) and below that the 61.8 Fibonacci retracement of the swing high to low at 1.3047.

Chart courtesy of Worden

I agree there is very little holding up this pair, and a sub 1.30 test could easily happen before the end of the year.