Technical alert: EURUSD

EURUSD plunged to almost 3-year low following a break below 1.09 handle. Despite a bullish candlestick painted on Tuesday on the daily chart, buyers did not manage to stop declines. The sentiment remains bearish and the downward move may deepen towards 127.2% Fibonacci retracement at 1.0780 handle. Note that elevated volatility may be present at 1:30 pm GMT, when US CPI data is released.

EURUSD D1 interval. Source: xStation5

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Technical alert: EURUSD
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When performing transactions in the OTC Forex market, the possibility of making a profit is inextricably linked with the risk of losses.