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EUR: EURUSD edges toward the 2024 low

EUR
USGlobalCEEMEABulletMarketsForeign Exchange BulletsRegionNorth America
  • The Dollar is still pushing higher, a continuation from the Overnight session and into the European session.
    Cable is testing 1.2800, with the next support now seen at 1.2762 Low Aug 13.
  • Big focus is on the EURUSD, and while some might look at 1.0611 38.2% retracement of the Sep ‘22 - Jul ‘23 bull cycle.
  • Most Market participants will be focussed on the 1.0601 level, the April and the 2024 low, and also the lowest print in a year, since 2nd Nov 2023.

(Chart source: MNI/Bloomberg):

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  • The Dollar is still pushing higher, a continuation from the Overnight session and into the European session.
    Cable is testing 1.2800, with the next support now seen at 1.2762 Low Aug 13.
  • Big focus is on the EURUSD, and while some might look at 1.0611 38.2% retracement of the Sep ‘22 - Jul ‘23 bull cycle.
  • Most Market participants will be focussed on the 1.0601 level, the April and the 2024 low, and also the lowest print in a year, since 2nd Nov 2023.

(Chart source: MNI/Bloomberg):