EUR/USD drops further and printed new 2020 lows near 1.0780. Immediately below emerges 1.0710 (monthly low January 2016). EUR/USD remains entrenched into the negative territory so far this year and there are no signs of even the slightest recovery, at least in the short-term horizon. In the meantime, extreme “oversold” conditions in the pair could trigger some corrective rallies, although these are seen as selling opportunities for the time being. So far, the area around 1.0815 has acted as a decent barrier for bullish attempts. While sellers remain in total control, the next target on the downside aligns in the 1.0700 neighbourhood, the January 2016 low. A visit to this level, however, looks unlikely for the time being, as it would need a serious deterioration of the pair’s outlook. EUR/USD daily chart 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 UK: Manufacturers expect output to recover somewhat in three months ahead – CBI FX Street 2 years EUR/USD drops further and printed new 2020 lows near 1.0780. Immediately below emerges 1.0710 (monthly low January 2016). EUR/USD remains entrenched into the negative territory so far this year and there are no signs of even the slightest recovery, at least in the short-term horizon. In the meantime, extreme “oversold” conditions in the pair could trigger some corrective rallies, although these are seen as selling opportunities for the time being. So far, the area around 1.0815 has acted as a decent barrier for bullish attempts. While sellers remain in total control, the next target on the downside aligns in the… 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.
