EUR/USD touches a low of 1.2035 on the day, lowest since January
The pair now looks set to test the 200-day MA (blue line) @ 1.2014. The last time the pair traded below that level was back in April last year. The dollar index is also breaking above key levels at the moment, and it feels like that is the exact catalyst for EUR/USD to be sunken down at this point.
There is a barrier option sitting at 1.2000, so expect bids to be lined up between the figure level and 1.2010. At this point, there is an air of inevitability for the pair to at least test near the figure level.
