EUR-USD will follow the S&P 500

In the previous collapse of the S&P 500, after the closing of some carry trade operations, investors preferred to buy the US dollar, which strengthened against all other currencies. Now, if there is a new bearish phase for the American stock market, we will most likely witness the simultaneous strengthening of USD. In this case, EUR-USD, whose price seems to have stopped on the POC, could drop at much lower levels than the current one, with the first target area at 1.08600.