Led by unrelenting demand for the buck, Europe’s shared currency extended losses for a third successive session Thursday. Erasing more than 200 points and registering 37-month lows at 1.0654, EUR/USD tunnelled through a number of key technical supports, including the 1.0777 level and the 1.07 handle. The break of 1.0777 is significant in this market, tripping heavyweight sell-stop liquidity consequently fuelling downside. With 1.07 now likely to represent resistance, bolstered by the fact the round number also signifies a Quasimodo support-turned resistance (see April 19, 2017), sellers may strengthen their grip and ... (full story)