Euro plunged nearly 1% on hotter than expected US inflation data today with EUR/USD reversing sharply off trend resistance. Levels that matter on the technical charts.
Euro plunged more than 4.5% off the August high with EUR/USD now testing technical support at the yearly lows ahead of NFPs. Levels that matter on the weekly technical chart.
Euro surged more than 3.4% off the yearly lows with the post-CPI rally now targeting critical downtrend resistance. Levels that matter on the EUR/USD technical charts.
Euro’s recovery off parity is vulnerable into the August open and the battle-lines are drawn heading into NFPs. Levels that matter on the EUR/USD weekly technical chart.
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