- EUR/USD resumed the downside and dropped to 1.0653.
- Next on the downside emerges the April 2017 low at 1.0569.
In spite of the ongoing bounce off YTD lows near 1.0650, EUR/USD remains under pressure in the current high volatility context.
While below the 55-day SMA, today at 1.1053, the pair is expected to keep the negative view unchanged.
Against this backdrop, a breach of recent lows in the mid-1.0600s should expose the next support of significance at the April 2017 low at 1.0569 ahead of the February 2017 low at 1.0493.
EURUSD daily chart