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Flight to dollar safety sees EUR/USD extend move below 1.10
Following on from the previous two update, noting the fall in the pound and the drop in European and US stocks, it should hopefully come as little surprise to see that the EUR/USD has now extended the move below the 1.10 handle. This is a consequence of risk aversion delivering a flight back into the safety of the US dollar. So, the EUR/USD has fallen to a low at 1.0961 as I write this update, The next support of note on the downside from here on is the 21 day moving average. That is in place right now at 1.0932.
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