- EUR / USD hits new 2021 lows near the 1.1800 level.
- Lower support is seen around 1.1760.
The weekly EUR / USD slide appears to have found decent support just above the 1.18 round level so far on Thursday.
The recent breakout of the 200-day SMA at 1.1854 allows sellers to keep a grip on sentiment around the common currency, increasing the likelihood of further losses on the short-term horizon.
That said, below 1.1800 minor support is seen at a Fibonacci level of the November-January move near 1.1760. Further down, there are no relevant support levels until the November 2020 lows at the 1.1600 zone.
As long as EUR / USD remains below the 200-day SMA, the short-term stance is expected to remain negative.
EUR / USD daily chart
EUR / USD technical levels
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