- EUR/USD corrects sharply lower and retests the 1.0190/85 area.
- The lower bound of the range emerges around 1.0100.
The EUR/USD accelerates losses and falls below key support at 1.0200 on Monday.
A further correction could lead to a revisit of the recent range bottom at the 1.0100 area, although a sustained break below this level does not look favorable at the moment.
In the long term, the bearish view of the pair is expected to prevail as it trades below the 200-day SMA at 1.0887.
EUR/USD daily chart
Source: Fx Street
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