Search ForexCrunch
  • The bearish view remains unaltered around EUR/USD, which has recorded fresh 2-year lows in the boundaries of 1.09 the figure earlier in the session.
  • If the selling impulse picks up extra pace, a break below 1.09 should pave the way for a test of May 2017 lows in the 1.0840 region in the next weeks.
  • Looking at the broader picture, the negative stance on the pair should remain unchanged while below the 3-month resistance line, today at 1.1050.

EUR/USD daily chart