EUR/USD: (1.2300) Reapproaching broken channel bottom
Move below the daily Uptrendline off 2005 low (1.2817) sent the pair to a new year low, with 1.2132 (50% historic low to 1.6040) having been met. Currently still below 1.2331 (2008 low + neckline Long Term Double Top) and reapproaching the broken cahnnel bottom (see graph). Support area at 1.2268/ .2262 (break-up hourly/ broken daily Short Term Moving Average↓), with next levels at 1.2226/ .2210 (reaction lows hourly), where pause favored. If wrong, next levels at 1.2148 (daily envelope
