• EUR/USD Price Analysis: Further losses now target 1.0775

Noticias del mercado

5 diciembre 2023

EUR/USD Price Analysis: Further losses now target 1.0775

- EUR/USD loses further momentum and challenges 1.0800.

- Extra declines look likely once 1.0800 is cleared.

EUR/USD retreats further and puts the 1.0800 support to the test on Tuesday.

A drop below the latter should pave the way for a deeper retracement to, initially, the intermediate 100-day SMA at 1.0774 ahead of the 55-day SMA at 1.0684.

So far, while above the significant 200-day SMA at 1.0819, the pair’s outlook should remain constructive.

EUR/USD daily chart

 

Enfoque del mercado
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