- EUR / USD navigates the 2021 lows area near 1.1360.
- A dip below 1.1350 opens the door for a deeper pullback.
The EUR / USD remains under heavy pressure and remains in the area of the recent lows of the year near 1.1350.
The continuation of the downtrend seems favored on the short-term horizon. That said, the 2008-2021 line emerges as critical support around 1.1350. A decline below this area in a convincing manner exposes a pullback to, initially, the July 2020 low at 1.1185 ahead of 1.11688, the June 19, 2020 low).
Meanwhile, more losses remain on the charts as long as the pair trades below the immediate resistance line (from the September high) today near 1.1620. Long-term, the negative outlook persists while below the 200-day SMA, today at 1.1869.
EUR / USD day chart
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