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Dec 11 - 04:55 AM

EUR/USD - Test Of This Year's Low Is A Stretch For EUR/USD

By Jeremy Boulton  —  Dec 11 - 02:40 AM
  • EUR/USD plummeted to 1.0332 following eurozone PMI On Nov 22

  • Oversold situation resulted in a correction to 1.0630 after NFP data

  • Pair sinks to 1.0499 in advance US CPI data unlikely to shift downside bias

  • The base of the 20-day Bollingers is currently 1.0446

  • Another oversold situation may develop well in advance 2024 low

Source:
London Stock Exchange Group | Thomson Reuters

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