- EUR/USD retreats to the 1.0615 area, reaching new six-month lows.
- Additional losses should find the March low around 1.0516.
He EUR/USD falls for the third consecutive session and prints new lows around 1.0615 on Thursday.
If the pair breaks above this level on the near-term horizon, it could open the door for a possible pullback to the March low at 1.0516 (March 8), which is the last defense before a move to the 2023 low at 1.0481 ( January 6th).
As long as it is below the 200-day SMA at 1.0828, the pair is likely to face further weakness.
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.
