- EUR/USD breaks below the key support at 1.0700.
- Next, to the downside, the May low is aligned in the 1.0630 zone.
He EUR/USD it pulls back further and breaks the key support at 1.0700 on Thursday.
Underlying bearish sentiment remains unchanged, leaving the door open for further pullbacks on the near-term horizon. Against this background, the pair could embark on a probable visit to the May low at 1.0635 (May 31) before the March low at 1.0516 (March 15).
Meanwhile, further losses are expected below the 200-day SMA, today at 1.0821.
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.
