EUR/USD Technical Analysis: Outlook remains negative while below the support line at 1.1157
|- EUR/USD remains depressed and it has recently broken below last week’s low at 1.1051.
- Immediately to the downside now emerges the YTD low at 1.1026 (August 1) ahead of the 1.0840 region, May 2017 lows.
- Looking at the broader picture, as long as the immediate support line - today at 1.1157 - caps the upside, extra losses should stay well on the table in the near term.
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.