EUR/USD Selloff Accelerates Toward Critical Yearly Support
The EUR/USD has seen significant declines in recent sessions, falling over 2.9% from its August highs after breaking through the September opening range.
This decline has been consistent, with the euro dropping in seven out of the past nine days and poised for a third consecutive weekly loss.
The selloff is approaching critical support near the yearly low-day close, where the risk of near-term exhaustion begins to rise.