EUR/USD fell hard on Tuesday as the recent lows have been smashed through to the downside. The 1.30 level held though, and this large psychological number could create a potential bounce. Anything of that order will certainly only end up being a selling opportunity though, as the EU is in serious trouble. A break below 1.30 sends this pair down fast.
EUR/GBP has already broken a serious support level in the form of 0.8500 - and now it looks to fall even further. The level should be resistance now, and we think the selling of rallies is the way to go going forward.
Create a FREE account