The risk aversion on Dollar has moved the Eur/Usd is back and trading in action the Dow dropped 1% today due to fear The pair moved to 1.4700 which is over 300 pips from the high reached earlier this month.

Right now the drop has stopped at .618 Fibonacci retracement level which has acted as temporary support. The 1.4700 level has also acted as support. If we see this level broken the direction could continue to move down.

You can see how the pair has stopped at the support line on the 4 Hr ch...
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