EUR/USD sets new 2021 low The EUR/USD has finally succumbed t | Market-Chatter|Libertex
EUR/USD sets new 2021 low
The EUR/USD has finally succumbed to mounting selling pressure as the dollar extends its gains in terms of the USD index (USDX). That has now delivered a move lower in the EUR/USD as it takes out the previous 2021 low at 1.1664. The move came as the GBP/USD slid towards 1.35 and despite a rise in the EUR/GBP at the same time, the EUR/USD was unable to avoid a drop to fresh lows. The move has not extended very far yet, but as noted here yesterday; a breakdown below 1.1664 does potentially open a route to test the November 2020 low at 1.1603. The EUR/USD is just now trading at 1.1660 after dropping to as low as 1.1657 a short while ago
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