- EUR/USD remains on the downside at/below 1.1700.
- Further downside faces the next support near 1.1660.
EUR/USD starts the week on the defensive and challenges the monthly lows near 1.1680.
Extra losses appear likely in the short-term horizon, with the immediate target at the 2021 low at 1.1663 (August 20) on a breach of 1.1683. A deeper pullback should expose the September 2020 low at 1.1612 followed by the November 2020 low in the 1.1600 neighbourhood.
In the meantime, the near-term outlook for EUR/USD is seen on the negative side while below the key 200-day SMA, today at 1.1975.
EUR/USD daily chart
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