EUR/USD Price Analysis: Extra weakness could retest 1.0909
|- EUR/USD regains downside traction and approaches 1.0900.
- The next support comes at the weekly low at 1.0909.
The selling momentum around EUR/USD gathers further impulse and drags the pair to new 3-week lows near 1.0920 on Thursday.
If bears remain in control, EUR/USD could see the weekly low at 1.0909 (April 17) quickly revisited prior to the provisional 55-day SMA at 1.0841, which comes just ahead of another weekly low at 1.0831 (April 10)
Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0440.
EUR/USD daily chart
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.