EUR/USD looks set to slump due to a variety of factors nL1N2YA0I7

Recent recovery attempts have so far been halted by the thick daily cloud

The cloud currently spans the wide 1.0561-1.0767 region

Scope is for a break under 1.0453 Fibo, 61.8% of 1.0359-1.0606 gain

Daily close under 1.0453 Fibo would expose 2022 1.0349 and 2017 1.0340 lows

We are short at 1.0550 for losses to our 1.0360 target

EUR/USD Trader TGM2334. Previous EUR/USD update nL1N2YA0C5