EUR/USD slumps from 11.75 to 1.1093 EBS in Europe

Pair traded 1.1185 in Asia peak of this week's rise from 1.0945

This led to an overbought situation nL2N2VY0E4

Correction underway possibly fuelled by month-end demand for USD

The 1.1000 area may have gravitational pull in the near-term

1.1000 is centre of the current consolidation phase

There is a lot of downside risk for the euro nL2N2VY0IA

There is a lot of upside risk for the dollar nL5N2VY2CX