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- EUR/USD Price Analysis: Negative view remains unchanged
EUR/USD Price Analysis: Negative view remains unchanged
- EUR/USD’s bullish attempt runs out of gas near 1.0220.
- Further retracements look likely in the near term.
EUR/USD climbs as high as the 1.0220 region, although the move lacks follow through.
The pair’s bearish stance stays everything but abated for the time being. Against that, there is a minor support level at 1.0060 (low December 11 2002) prior to a test of the key parity area.
In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.1078.
EUR/USD daily chart
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