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Breaking: EUR/USD hits lowest since October, reasons and next levels to watch

EUR/USD has dropped the lowest since October, below 1.0980.

A combination of upbeat US data, coronavirus hopes, and German weakness are behind the fall.

The next levels to watch are 1.0940, 1.0925, 1.0905, and 1.0879.

More to come

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EUR/USD Price Analysis: Euros sinks to four-month lows, trades below 1.1000 figure

The euro is trading in a weak downtrend below its main simple moving averages (SMAs) as the spot is hitting levels not seen since October 2019.
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