- EUR/USD continues to fall and revisits the 1.0120 area.
- Further losses should find strong support around 1.0100.
The EUR/USD challenges August lows around 1.0120 on Tuesday’s trend reversal.
Although a further correction seems likely on the short-term horizon, the low end of the recent range around 1.0100 should offer decent support ahead of a potential challenge to the psychological parity level.
In the long term, the bearish view of the pair is expected to prevail as long as it trades below the 200-day SMA at 1.0880.
EUR/USD daily chart
Technical levels
Source: Fx Street
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