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May 24 - 08:55 AM

EUR/USD - Sinks To Two-Month Low With Plenty More Downside Potential

By Jeremy Boulton  —  May 24 - 06:40 AM
  • EUR/USD sinks to 1.0748 EBS following IFO data nL1N37L0L3

  • Lowest since 1.0745 on March 27 - March 24 low was 1.0714

  • 1.0738 is 61.8% March-May gains and the trigger point for a deeper drop

  • The big EUR/USD gamble is at risk of a big adjustment nL1N37L0MQ

  • Australia's dollar could take a big hit nL1N37L0J1

Source:
Refinitiv IFR Research/Market Commentary

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