- EUR/USD adds to Friday’s corrective slide well below 1.1000.
- The weekly low near 1.0830 is emerging as the next support to watch.
He EUR/USD It falls back to 3-day lows at 1.0950 after a failed attempt to recapture the key 1.1000 barrier on Monday.
In the short term, the pair could continue to weaken. Conversely, there is initial support at the weekly low of 1.0831 (Apr 10) before the April low at 1.0788 (Apr 3).
Longer-term, constructive view remains above the 200-day SMA at 1.0373 today.
EUR/USD daily chart
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
