By Jeremy Boulton — Nov 12 - 06:45 AM
EUR/USD challenges 2024 low as Trump trade gains traction nL1N3MJ0FO
Despite fast paced slump from year's high, this isn't game changing
The pair is trading on well trodden ground nL1N3MI093
Base of last year's range is 1.0448 - 2023 range 2nd smallest on record
There is a strong chance that EUR/USD remains trapped
The drop is a minor retracement of the big 2022-2023
EUR/USD currently oversold and traders are short - good spot to book profits
Source:
Refinitiv IFR Research/Market Commentary