Home EUR/USD Price Analysis: Focus now shifted to 1.1170

EUR/USD Price Analysis: Focus now shifted to 1.1170

Updated: 25 Jun. 2020 | 12:42

EUR/USD keeps correcting lower following weekly tops near 1.1350.
Further south aligns last week’s lows in the 1.1165/70 band.

EUR/USD is down for the second session in a row in the second half of the week, accelerating the move from earlier tops in the mid-1.1300s.

If the selling impetus accelerates, then the recent low (and interim support) at 1.1168 should emerge on the horizon ahead of the critical 200-day SMA at 1.1030.

As long as the 200-day SMA at 1.1030 holds the downside, further gains in the pair are well on the table.

EUR/USD daily chart

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