- EUR/USD is under pressure after two daily advances.
- Further weakness could put the 1.0500 region back on the radar.
He EUR/USD it puts aside part of the positive first half of the week and revisits the 1.0550 area on Wednesday.
Should the sellers regain control, the pair could test the 1.0500 level, while the loss of that region should expose a possible decline to the 2023 low at 1.0448 (October 3).
Meanwhile, more losses remain on the table as long as the pair navigates the zone below the key 200-day SMA at 1.0820.
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.
