EUR/USD we now expect more losses to 1.0879

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  • 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

EUR/USD we now expect more losses to 1.0879



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