By Jeremy Boulton — Nov 28 - 02:25 AM
EUR/USD 55-DMA 1.0852 drops under 200-DMA 1.0853 - Death Cross
Bearish signal timely for traders now betting on a further drop
On Wednesday pair met target to correct Nov 6-22 slide
A 38.2% retrace 1.0937-1.0332 fall is 1.0563 - Nov 27 high 1.0587
Thursday's range unfolding lower 1.0568-1.0542 EBS
Source:
Refinitiv IFR Research/Market Commentary