The Euro was clipped during Wednesday’s session after the International Monetary Fund commented, for the first time, about the enormous damage of the United Kingdom’s possible exit from the European Union.
Trading at a narrow range of 1.1342 to 1.1393, the Euro continues to drop against a slightly stronger USD which was lifted by higher crude oil prices. The US will release its retail sales and crude oil data later today.
The first support is at 1.1306 and 1.1249 subsequently. The first resistance is at 1.1426 and 1.1483 subsequently.
The MACD indicator is in a neutral position and the price is decreasing.