EUR/USD: Here’s the next level to watch after the bearish breakout

The EUR/USD made a bearish breakout today after the relatively weak US initial jobless claims numbers. The pair dropped to an intraday low of 1.2118, which was the lowest level since December 15. US initial jobless claims The situation in the United States worsened last week as the number of people filing for jobless claims rose. According to the Bureau of Labour Statistics (BLS), more than 965,000 Americans filed for unemployment insurance. That was worse than the previous week’s 784,000 and the median estimate of 795,000. It is also the highest figure in five months. The lagging continuing jobless claims