EUR/USD Price Analysis: Further weakness could revisit 1.0440

Market news

6 January 2023

EUR/USD Price Analysis: Further weakness could revisit 1.0440

EUR/USD extends the bearish note sparked on Thursday.
A deeper pullback could see the weekly low at 1.0443 revisited.

EUR/USD accelerates its losses and drops to multi-week lows south of the key 1.0500 barrier on Friday.

If sellers push harder, then the pair could extend the decline to, initially, the weekly low at 1.0443 (December 7) prior to the 55-day SMA at 1.0365.

In the meantime, further gains remain in store for the pair while above the 200-day SMA at 1.0311.

EUR/USD daily chart

Currencies. Daily history for Friday, January 6, 2023

Commodities. Daily history for Thursday, January 5, 2023

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