EUR/USD stays mildly offered near intraday low, extends pullback from 200-HMA, two-week-old horizontal hurdle. 1.2030-25 can offer immediate support, 100-HMA adds to the upside filters. EUR/USD drops to 1.2050 while printing 0.10% intraday losses amid Thursday’s Asian session. The major currency pair marked an uptick to 1.2113 the previous day before taking a U-turn below 200-HMA and breaking down a horizontal hurdle, earlier support, established since February 18. The following losses extended below 100-HMA wherein the bearish MACD signals add to the EUR/USD sellers’ hopes. Even so, a horizontal area from Monday, around 1.2030-25, can act as a buffer before recalling the 1.2000 psychological magnet on the chart. It should, however, be noted that further weakness below 1.2000 needs to break the monthly low of 1.1990 to eye the previous month’s low near 1.1950. Alternatively, 100-HMA and the stated horizontal region, respectively around 1.2080 and 1.2090, can test the pair’s short-term rebound. If at all the EUR/USD bulls manage to cross 1.2090, a 200-HMA level of 1.2117 will validate the quote’s fresh rally towards February’s top of 1.2243. EUR/USD hourly chart Trend: Further weakness expected  FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Silver Price Analysis: XAG/USD struggles to keep $26.00 amid sluggish markets FX Street 1 year EUR/USD stays mildly offered near intraday low, extends pullback from 200-HMA, two-week-old horizontal hurdle. 1.2030-25 can offer immediate support, 100-HMA adds to the upside filters. EUR/USD drops to 1.2050 while printing 0.10% intraday losses amid Thursday's Asian session. The major currency pair marked an uptick to 1.2113 the previous day before taking a U-turn below 200-HMA and breaking down a horizontal hurdle, earlier support, established since February 18. The following losses extended below 100-HMA wherein the bearish MACD signals add to the EUR/USD sellers' hopes. Even so, a horizontal area from Monday, around 1.2030-25, can act as a buffer before… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.