EURUSD Hits New Low for 2024, Eyes 2023 Low at 1.0448
The EURUSD has broken below its previous low from last week at 1.04956, reaching a new low for 2024. Currently, the price stands at 1.0474, with the next key target being the 2023 low of 1.0448, which occurred on October 4. For short-term traders, staying below the 1.05000 level is seen as a bearish signal. A move above this level would indicate potential risk for further downside. More cautious sellers should watch for a break above the 1.05158–1.05316 range, which could suggest a shift in momentum.