BUZZ-EUR/USD probably pausing on the way down

* EUR/USD became overbought when traders long in October * Oversold situation developed once traders short in November * Rebound follows after sharp and rapid drop to 2024 low at 1.0332 * Modest correction to 1.0597 may lay foundation for deeper drop * Shorts currently represent little restraint on euro dropping further * Surging natgas and palm oil prices to weigh euro * Bearish techs after death Cross - 55-DMA below 20-DMA on Nov 28 * <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ EURUSD https://tmsnrt.rs/4gfVBDG ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Jeremy Boulton is a Reuters market analyst. The views expressed are his own) (([email protected]))