EURUSD falls below midpoint of February range ...Middle East

From a technical standpoint, the decline pushed the pair back below key support at 1.0406, a critical area that includes:

The 38.2% retracement of the February low-to-high move.Last week's swing low.The 50% retracement of the broader range since 2022.

Key Levels to Watch

Resistance: Immediate selling pressure could build near 1.03814, while a more conservative risk level sits at 1.0406.Support: On the downside, the next key target is the 61.8% retracement at 1.0331.

A sustained move below these levels could open the door for further downside momentum.

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

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