• EUR/USD regains downside traction and approaches 1.0900.
• The next support comes at the weekly low at 1.0909.

The selling momentum around EUR/USD gathers further impulse and drags the pair to new 3-week lows near 1.0920 on Thursday.

If bears remain in control, EUR/USD could see the weekly low at 1.0909 (April 17) quickly revisited prior to the provisional 55-day SMA at 1.0841, which comes just ahead of another weekly low at 1.0831 (April 10)

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0440.

EUR/USD daily chart