EUR/USD breakdown extends, as traders flock to USD
EUR/USD has extended lower following the clear bearish break that came with a move below $1.1574 last week.
That fall out of a consolidation phase led to a move in the direction of the wider bearish trend. Further downside looks likely, with any rebound likely to provide a selling opportunity. We would need a break above $1.1628 to provide a signal that this sell-off could be over.