The mother of all currency pairs just met its most important support since January 2018. We can clearly see long lower shadows on the 4 hourly chart candlesticks, which means that yes indeed there is something strong holding the price there. The most used oscillators also (RSI and Stochastic) tell us that we are in the oversold area, from which the price is trying to recover. Also, keep in mind that today we will have the release of ECB Interest Rate Decision, so we will certainly see some significant movements.
Have a good trading!
Have a good trading!