EUR/USD sharply lower after 1.0855 support taken out by Milan Cutkovic

  • We are seeing decent USD strength in the early European session; EUR/USD is extending losses towards 1.08 after the 1.0855 support level has been taken out
  • Liquidity seems quite poor; choppy ranges likely to continue in the near-term
  • Next support seen at 1.0765, quite likely we’ll see that one being tested today
  • Rallies will attract selling interest – 1.0855 and 1.0885 the key intraday levels now

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