(CercleFinance.com) – The Euro ends the week on a 'lowest' for 2 years with a fall of -0.75% towards 1.0400 (and even 1.0335 during the session) which marks the sinking of the support from 1.0465 on October 3, 2023.
The Euro has fallen back to more revised levels since the end of November 2022 (11/29) and seems to be starting a slide towards 1.0040/$, a floor dating from 11/21/2022.
More generally, the exit from the 1.125/1.045 corridor (to summarize) could foreshadow a retracement of 0.975 (support tested on 3/11/2022) then 0.9600, the floor of September 29, 2022
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