$EURUSD – Where the price might go?

Euro/Dollar just broke through the support around 1.4848. That level has been quite strong support for last couples of weeks that finally broke through.

Providing the price continues its downside where might we find another support?

Looking at the Fib and the previous low on Early November meets at the same level which is between 1.4628-1.4680-5 Which is also 161.8% extension on the fib from the recent move.

(Click on image for larger view)

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