- EUR/USD regains bullish traction and advances to 1.0680.
- Renewed selling pressure could retest 1.0630.
He EUR/USD extends Friday’s recovery and is around the 1.0680 area on Monday.
Despite the two-day bounce, the pair’s underlying bearish sentiment remains unchanged and leaves the door open for additional pullbacks on the near-term horizon. Against this backdrop, further losses could see the September low at 1.0631 (September 14) revisited before the March low at 1.0516 (March 15).
Meanwhile, further losses are expected below the 200-day SMA, today at 1.0827.
EURUSD 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.
