Euro skids to a fresh low

EUR/USD ends the week on its knees

EUR/USD continues to fall late in the week. After early gains at the start of US trading, it's now down 44 pips on the day to 1.0832.

Selling has accelerated late in the day and there is no sign of buying. A market finishing the week on its lows in a bearish signal. Fortunately the euro has some support at the late-May low nearby but if that goes, it may be a quick trip to 1.05 next week.