Exactly as we predicted yesterday, the euro was living its last hours of glory under the major of 121.00. Following the divergence - a forward warning of decelerating upward momentum, the price failed to make a new high. Today's red candle broke simultaneously below the averages and the , and we would expect a MA cross in a few hours as a final confirmation that the sell-off may carry on.
Key support: 120.00
Key resistance: 121.00