Looks bad for the dollar. Broken a ton of key technical supports, only the Jan 2021 and 2018 lows hold any hope of reversal now.
If it breaks the 88.24 mark, there's nothing to stop a move to 82.00 which would be a catastrophic drop for the currency. It may even cause Powell or Yellen to interfere.
If it breaks the 88.24 mark, there's nothing to stop a move to 82.00 which would be a catastrophic drop for the currency. It may even cause Powell or Yellen to interfere.