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EUR/USD Under Pressure

Published 11/26/2021, 03:39 AM
Updated 03/28/2023, 03:20 AM
EUR/USD
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USD/JPY
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EUR/JPY
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EUR/USD Key Takeaways:
  • EUR/USD does little in holiday-thinned Asia trade. 
  • On hold just above 1.1186 low Wednesday, lowest since 1.1185 July 2020.
  • A decisive break below 1.1180-90, double bottom bearish.
  • 1.1100 in spec sights, 1.1101 low June 2020, March 2020 nadir 1.0636.
  • Indecisive ECB, COVID spread in Europe among negatives overhanging EUR.
  • EUR/JPY 129.02 to 128.62 EBS on broad JPY strength with Asia risk-off.
  • Lowest since 128.57 Monday, spike low last Friday 127.99, bias still down.

EUR/USD price chart.

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