- EUR/USD remains under pressure below 1.0600.
- A drop to the June low at 1.0358 appears on the horizon.
The EUR/USD reverses three consecutive daily pullbacks and opens the door for further declines on the short-term horizon.
So far, and as long as the 4-month line in the 1.0690/1.0700 region limits the upside, further pullbacks in the pair should remain on the cards in the near term. Conversely, the next support to watch is the June low at 1.0358 (June 15), before the 2022 low at 1.0348 (May 13).
In the long term, the bearish view on the pair is expected to prevail as long as it trades below the 200-day SMA at 1.1142.
Technical levels
Source: Fx Street
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