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- EUR/USD Price Analysis: Extra losses could revisit 1.0635
EUR/USD Price Analysis: Extra losses could revisit 1.0635
- EUR/USD intensify its decline to fresh four-month lows.
- Bears now re-shift their attention to the 1.0630 zone.
EUR/USD sinks to levels last traded four months ago in the mid-1.0600s on Thursday.
The underlying bearish sentiment remains unchanged and leaves the door open to extra pullbacks in the short-term horizon. Against that backdrop, a sustained breach of the 1.0700 yardstick could encourage sellers to embark on a probable visit to the May low of 1.0635 (May 31).
In the meantime, further losses remain in the pipeline while below the key 200-day SMA, today at 1.0827.
EUR/USD daily chart
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