eFXdata | EUR/USD - Set To Close Below A Vital Level, Big Losses Likely

By Jeremy Boulton — Oct 27 - 03:40 AM

• EUR/USD is trading below the 100-MMA at 1.1194

• Pair slumped rough 1.19 toward 0.95 on last closing break below

• The 100-MMA then capped EUR/USD for several years

• Immediate target for a break is 1.0873

• Potentially EUR/USD could retrace entire 1.0125-1.2084 rise

• Much higher oil weighing EUR/USD and vital level for crude close

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EUR/USD

(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)

Source:

London Stock Exchange Group | Thomson Reuters

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