FXstreet.com (Córdoba) - The weakness of the Euro across the board remains intact. EUR/USD has fallen below 1.4100 for the first time since August 18. The pair tumbled to 1.4092 reaching a fresh 5-month low. The pair is accumulating a decline of more than 300 pips in the last two sessions.
The current directional bias is towards a continuation of the new downtrend, which could target further downside support in the 1.3800 price region. Upside resistance within the context of the continuing bearish trend resides in the 1.4450 support/resistance price region, says James Chen, chief technical analyst at FX solutions.
Stocks in the US are tumbling. The Dow Jones is falling 1.80% and the Nasdaq losses 2.01%. Crude oil and gold are also falling sharply. European stocks closed with important declines, with most important markets falling 2% on average.