- EUR/USD sets new lows in the 1.0200 area.
- The pair enters oversold territory and could trigger a bounce.
The EUR/USD loses more ground and falls to almost two-decade lows in the 1.0170 zone on Monday.
The pair’s selling holds across the board, but tapers off mid-week amid an increasingly negative outlook. Against, there is a minor support level at 1.0060 (11 Dec 2002 low). A breakout of the latter should herald a visit to the key parity zone.
Longer term, the bearish view on the pair is expected to prevail as long as it trades below the 200-day SMA at 1.1085.
EUR/USD daily chart
Technical levels
Source: Fx Street
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