EUR/USD FALLS TO NEW LOWS; PIVOT POSSIBLE BEFORE PARITY
EUR/USD FALLS TO NEW LOWS; PIVOT POSSIBLE BEFORE PARITY
EUR/USD drops to a two-year low of 1.0200 after strong US jobs data.
Critical support forming near 1.0200, coinciding with 61.8% Fibonacci retracement.
RSI and stochastic oscillator nearing oversold levels, suggesting a potential reversal.
Parity (1.0000) remains a key level if selling pressure continues.
Next major support seen around 0.9900 if EUR/USD continues its decline.