Can it close below the consolidation midpoint today?
The EURUSD has just made a new day low (below 1.0933).
The pair was NOT able to hold below the 1.0964 level. That was the low from yesterday and also represents, the 50% retracement of the move up from the March low to the May high (see daily chart below). However, the pair was able to stay below the 50% of the trend leg lower at 1.09745. New lows are being made.