EURUSD has started to drop really nicely after breaking our ascending support line and our Ichimoku cloud. We see potential for further downside movement below our major resistance at 1.2270 (breakout level, pullback resistance). Our next major level of support is at 1.2083 (Fibonacci retracement, horizontal pullback support).
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.