Big support level broken
EUR/USD is a handful of pips away from the March low of 1.1704 and the key 1.1700 level. That’s a level that’s been defended twice before and is the lowest since just before Biden was elected.
![Big support level broken](https://az705044.vo.msecnd.net/20210817/eurusd-daily-d.jpg)
The FX market is throwing up red flags all over the place this week as yen crosses break down and economic data misses estimates.