EUR/USD held on to the bulk of its losses Thursday after breaching H4 support at 1.0857, consequently shaking hands with a 161.8% Fibonacci extension at 1.0838. Yesterday’s descent, aside from a brief pause on February 11th, registered its eighth successive decline. The US dollar index continues to firm north of 99.00, despite dipping to lows of 98.85 during the session. Indicator-based traders might also be interested to note the EUR/USD’s relative strength index (RSI) has remained within oversold waters since February 6th. On the data front, US headline inflation for January ticked lower by 0.1% vs. the 0.2% ... (full story)