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EUR/USD finally breaks below 1.0335
Well, it is actually not much of a surprise here, but finally the EUR/USD has now busted below the November 22 low, at 1.0335. You were warned on that prospect several times in recent days. To be honest the bigger surprise was that it took so long to make the move. There is clear evidence; the breakdown below this level tripped stops and almost certainly attracted system based sellers to join in on the move. The low seen so far has been set at 1.0314, but it may not by any means be finished with the downside yet. In terms of any potential support levels lower down, we have very little of discernible note this side of parity. That is not to say the Euro will get there in a hurry, if at all, but that is the way of it right now. So, a positive start for the US currency as 2025 gets underway. The EUR/USD is currently trading at 1.0323
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