- EUR / USD found support in the 1.1620 region so far.
- The probability of a deeper pullback remains intact.
EUR / USD briefly fell to new lows near 1.1620 in the context of prevailing caution ahead of Tuesday’s US presidential election.
Further losses appear likely in the very short term, with the next target at the September low around 1.1610.
Looking at the broader scenario, the EUR / USD bullish view is expected to remain unchanged as long as the pair trades above the critical 200-day moving average, today at 1.1316.
EUR / USD day chart
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Credits: Forex Street
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