Search ForexCrunch
  • EUR/USD remains under heavy downside pressure on Tuesday, meandering in the area below 1.09 the figure after printing fresh YTD lows in the 1.0880 region.
  • The breakdown of the key support at the 1.09 mark has opened the door for a potential deeper retracement to the May 2017 low at 1.0839.
  • In the meantime, while below the short-term resistance line, today at 1.1043, the negative outlook in the pair is seen unchanged.

EUR/USD daily chart