EURUSD tumbles lower on tariff fear. What are the technicals in play for the EURUSD now? ...Middle East

The pair has now fallen toward a key support zone, defined by a cluster of critical technical levels:

1.04065 – 38.2% retracement of the move up from the February low1.0401 – Swing low from February 191.0405 – 50% retracement of the EURUSD trading range since the 2022 low

The video above provides a detailed breakdown of these levels and explains their importance in the current market context.

The S&P index is now down -15.99 points or -0.27% after trading as high as +37.63 points. The NASDAQ index is now down -150 points or -0.78% after trading as high as 167.43 points.

US yields are higher but steady. The 10 year is up 3.8 basis points at 4.286%. The two year yield is now up three basis points or 4.100%

This article was written by Greg Michalowski at www.forexlive.com.

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