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- EUR/USD Price Analysis: A test of 1.0100 and below remains on the table
EUR/USD Price Analysis: A test of 1.0100 and below remains on the table
- EUR/USD reverses part of recent gains and revisits 1.0130.
- Immediately to the downside turns up the weekly low at 1.0096.
EUR/USD resumes the downside and revisits the 1.0130/25 band following two consecutive daily advances.
Further losses should meet the next support at the weekly low at 1.0096 (July 27). In case sellers push harder, then the pair could confront the psychological parity level in the not-so-distant future
In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0867.
EUR/USD daily chart
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