- EUR/USD clinches new 2021 lows simply above the 1.20 mark.
- A breach of 1.20 ought to expose the Fibo stage close to 1.1970.
EUR/USD tumbles additional and drops to the neighborhood of 1.20 the determine on Wednesday.
Additional decline in EUR/USD stays effectively within the pipeline within the near-term. If the pair clears 1.20, then the following interim assist is available in round 1.1970, the place is situated a Fibo stage of the November-January rally).
On the broader image, the constructive stance in EUR/USD stays unchanged whereas above the important 200-day SMA, at this time at 1.1677.
Trying on the month-to-month chart, the (strong) breakout of the 2008-2020 line is a giant bullish occasion and may underpin the continuation of the present pattern within the longer run.
EUR/USD every day chart
