EUR/USD Price Analysis: Further losses likely below 1.0804
|- EUR/USD picks up some buying interest and retakes 1.0600.
- The weekly low just above 1.0800 caps the upside so far.
EUR/USD manages to generate some upside traction and reclaims the area above the 1.0600 hurdle ahead of the ECB on Thursday.
Occasional bullish attempts, in the meantime, should clear the weekly high at 1.0804 (February 14) to allow for the continuation of the uptrend in the short term
Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0323.
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.