EUR/USD: Break below 1.1420 to open up the 1.1300 level – TDS

EUR/USD continues to drip lower. Economists at TD Securities expect the world’s most popular currency pair to dive towards 1.13 on a break below 1.1420.

EUR/USD is on a course correction lower

“We note that the momentum indicators continue to suggest a drip lower for EUR/USD.”

“1.1420 marks the next support marker but this does not look formidable. Below this, there isn't much in the way of support until 1.13.”