By Jeremy Boulton — Apr 17 - 02:30 AM
EUR/USD has dropped to 1.0601 EBS in 2024 from Dec's 1.1139
The sell-off has been fuelled by the liquidation of longs
Should pair drop below 1.0596 it will likely reach 2023 low at 1.0448
A deeper drop will probably be fuelled by establishment of short positions
Chart supports bigger USD rally nL2N3GQ0CO
Source:
Refinitiv IFR Research/Market Commentary