- EUR / USD falls to new 2021 lows in the 1.1730 region.
- A test of the 1.1700 region appears on the horizon.
EUR / USD intensifies the weekly decline to the lowest levels since November 2020 around 1.1730. The slide has gained additional strength after breaking the 200-day SMA at 1.1862 and a Fibonacci level of the November-January move at 1.1762.
Sellers remain in control of price action around the pair for the time being, exposing a deeper pullback, initially towards the 1.1700 region on the near-term horizon.
Below that level, 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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