- EUR/USD bounces off 3-week lows near 1.0940 on Friday.
- A deeper pullback could see the 1.0900 area revisited.
He EUR/USD manages well to bounce from previous 3-week lows at 1.0945/40 zone and recapture the zone just above 1.1000, the late-week figure.
Given the recent price action, further weakness should not be ruled out. Once the weekly low of 1.0943 (July 28) is broken, losses could extend to the 55-day and 100-day SMA transients, just above 1.0900.
Longer-term, positive view remains above the 200-day SMA at 1.0718 today.
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.
