- EUR/USD remains on the defensive below the key 1.10 level.
- Further decline exposes 2019 low at 1.0879.
The EUR/USD pair accelerated to the downside at the end of the week after the convincing break so far below 1.10, hitting new yearly lows in the 1.0950/45 range.
The heightened interest in selling has now opened the door for a potential visit to the 2019 low of 1.0879 on October 1st.
In the broader picture, while below the 55-day SMA, today at 1.1086, more drop should remain expected.
EUR/USD daily chart