EURUSD looks set to test support levels.

The EURUSD has been trading heavy and with the “stronger” US data as of late, the market is starting to anticipate the possibility of a “taper” of bond purchases by the FOMC by year end. As a result, the EURUSD looks set to test the horizontal support at the 1.1700 level which are also the March 2021 lows. A break of this level puts the 1.1655 level in view next.