EUR/USD Technical Analysis: Rising odds for a move to 1.0840

FX Street

Updated: 1 Oct. 2019 | 10:17

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

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