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EUR/USD Price Analysis: The bearish view remains intact and targets 1.0879

  • EUR/USD keeps the negative view despite Monday’s tepid gains.
  • Further downside exposes the 2019 low at 1.0879.

EUR/USD met some decent support in the area of 2020 lows in the 1.0945/40 band.

The increasing selling interest has now opened the door to a potential visit to the 2019 low at 1.0879 recorded on October 1st.

In the broader picture, while below the 55-day SMA, today ay 1.1084, further downside should remain well on the cards.

EUR/USD daily chart

 

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