- The EUR/USD makes a 180 degree turn and recovers the 1.0800 area.
- If it continues lower, it could revisit the August low near 1.0760.
He EUR/USD manages to rebound and recovers the area above 1.0800, the figure from the beginning of the week.
The sharp pullback seen late last week appears to have shifted attention to the downside. Against, the next zone of containment lines up at the August low of 1.0765 (August 25) ahead of the May low of 1.0635 (May 31).
Meanwhile, further losses are expected below the 200-day SMA, today at 1.0817.
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.
