Home EUR/USD Price Analysis: Losses to extend to 1.0635

EUR/USD Price Analysis: Losses to extend to 1.0635

Published date: 23 Apr. 2020 | 13:52

EUR/USD drops further and reached new monthly lows near 1.0750.
Immediately to the downside is located the 2020 low at 1.0635.

EUR/USD is prolonging the bearish note into the second half of the week, recording fresh monthly lows in the 1.0755/50 band.

If the selling momentum picks up pace, then the YTD low at 1.0635 (March 23) should become the next target of relevance.

The downside pressure is expected to ebb a tad on a surpass of recent tops in the 1.0990/1.1000 band.

EUR/USD daily chart

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