The EUR/USD is extending its July plunge already to 1.2185 low, but the downside is likely to extend further. “The currency pair EUR/USD continues its downward trend and we expect to test 1.2150. Only eventual break above 1.2406 could change negative attitudes”, wrote Deltastock.com analyst Stoyan Mihaylov.
Ahead in the US are import and export prices data, jobless claims and the 30-year debt auction. Concerns about the Chinese Q2 GDP due to be released tomorrow is weighing in the market.