By Christopher Romano — Jul 05 - 12:35 PM
EUR/USD rallied to 1.0449 on EBS but then turned negative on the session
The pair broke major support in the 1.0335/50 zone & stop selling triggered
A 19-1/2-year low was set, pair hit 1.0236 on EBS, very little bounce seen
End of consolidation begun in May, falling daily & monthly RSIs are bearish
Investors who had been looking to sell rallies have to be more aggressive
Offers likely now near 1.0335/50, old support turned into resistance
EUR/USD may go to parity and beyond nL1N2YM12O
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary