EUR/USD falls to a new post US election low

Earlier this morning a couple of consecutive updates here noted the future may not be too bright for the EUR/USD. At the time of those updates it was trading above 1.0720. Well, since then it has fallen back more than 50 pips, endorsing all that was said in those prior updates. In fact, the Euro has now fallen below the post US election low seen last week, at 1.0683. The low seen a moment ago was set at 1.0670 and it seems stops were tripped on a break below that prior low, at 1.0683. The move lower in the EUR/USD comes amid a bit more downside in the EUR/GBP, as that now edges a little lower to set a new 2024 low, at 0.8280. Once again the reader is reminded of the current 2024 low, at 1.0601, which has you can see has now gotten a little more onto the radar since earlier today. The EUR/USD is currently trading at 1.0672