EURUSD Price Analysis: Extra losses likely below 1.0200
|- EUR/USD accelerates the decline and retargets 1.0200.
- The loss of 1.0200 exposes a probable drop to 1.0020.
EUR/USD adds to the ongoing retracement and loses ground for the third session in a row on Monday.
A deeper pullback could breach 1.0200 and thus pave the way for extra losses to the 100-day SMA around 1.0020. South of this level, a potential visit to the parity zone could return to the radar.
In the meantime, the 200-day SMA, today at 1.0406, continues to cap occasional bullish attempts.
EUR/USD daily chart
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