By Martin Miller — Jul 06 - 03:10 AM
EUR/USD is trading at levels not seen since December 2002, outlook negative
Spot registered the biggest one-day drop since March 2020 on Tuesday
It closed down 163 pips to close under 2022 1.0349, 2017 1.0340 (EBS) lows
We are looking to get short at 1.0320 in anticipation for a bigger fall
14-week momentum is negative, highlighting the underlying bearish market
Parity beckons for this currency pair in the days and weeks ahead
EUR/USD Trader TGM2334. Previous EUR/USD update nL1N2YL19U
Source:
Refinitiv IFR Research/Market Commentary