EUR/USD plummeted to a 6-month low below 1.0635
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Today EUR/USD continued to decline during the US session on Thursday, falling into the sub-1.0640 area as the Euro's uptrend evaporated into ether. The Euro (EUR) is at its lowest price against the Greenback (USD) in six months.
With the Euro continuing to slide to fresh six-month lows, EUR/USD will accelerate into a sharp bearish trend if buyers cannot mount a relief rally from here.
If the slide continues uninterrupted, the next meaningful support area would be the 2023 low near 1.0550, established back in March of this year.
Today EUR/USD continued to decline during the US session on Thursday, falling into the sub-1.0640 area as the Euro's uptrend evaporated into ether. The Euro (EUR) is at its lowest price against the Greenback (USD) in six months.
With the Euro continuing to slide to fresh six-month lows, EUR/USD will accelerate into a sharp bearish trend if buyers cannot mount a relief rally from here.
If the slide continues uninterrupted, the next meaningful support area would be the 2023 low near 1.0550, established back in March of this year.
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At the time of the survey, DXY measured greenback fluctuations with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) down 0.08%; at 105.32.
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