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7 Feb 2020
EUR/USD Price Analysis: Extra losses now look to 1.0879
- EUR/USD stays on the defensive below the 1.10 key level.
- Further downside exposes the 2019 low at 1.0879.
EUR/USD has accelerated the downside at the end of the week after the so far convincing break below 1.10 the figure, reaching new yearly lows in the 1.0950/45 band.
The increasing selling interest has now opened the door to a potential visit to the 2019 low at 1.0879 recorded on October 1st.
In the broader picture, while below the 55-day SMA, today ay 1.1086, further downside should remain on the cards.
EUR/USD daily chart
