EUR/USD Price Analysis: Further losses seen below 1.1400
- EUR/USD adds to Monday’s weakness and retreats to 1.1400.
- The 5-month support line emerges around 1.1400.

EUR/USD accelerates the weekly leg lower and puts the 1.1400 yardstick to the test on Tuesday.
If the pair break below the 5-month line around the 1.1400 zone it could allow for the selling pressure to pick up pace and attempt a move to the temporary contention at the 55-day SMA at 1.1315. The breach of the latter exposes another visit to the 2022 low near 1.1120 (January 28).
While above this 5-month line, further upside in the pair remains likely in the near term at least. In the longer run, the negative outlook remains in place while below the key 200-day SMA at 1.1670.
Author

Pablo Piovano
FXStreet
Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

















