EUR/USD pair further down, may test 1.1065

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  • EUR/USD extends EUR/USD Rejection from the 1.1170 / 75 range.
  • The 100-day simple moving average at 1.1065 appears as an upcoming target.

Add EUR/USD EUR/USD to a dip on Friday and is trading at new yearly lows near 1.1080.

Selling pressure accelerated following the breakout of the key 55-day simple moving average in the 1.1090 region. If negative pressure increases, focus should be placed on the main 100-day simple moving average at 1.1065.

The downtrend remains unchanged while below the main 55-day simple moving average.

EUR/USD pair further down, may test 1.1065

EUR/USD daily chart EUR/USD

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