• EUR/USD 1.2000 far more than a major psychological resistance

• There are several hugely important chart points near 1.20

• The 200-MMA is 1.2025 - no close above this point

• Target to correct 2008-2022 drop (1.6040-0.9528) is 1.2016

• The mid-point of all-time extremes (1.6040-0.8228) is 1.2134

• Likely to see demand for downside protection surge on rise near 1.20

• Option and corporate selling likely to intensify toward 1.20

• Rush to buy EUR/USD may pave the way for larger drop

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EURUSD all time extremes


EURUSD

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