EUR/USD Price Analysis: Additional losses appear in the table

Published On: September 22, 2023
  • EUR/USD clinches new six-month lows near 1.0610.

  • Further decline opens the door to a drop to the 1.0515 zone.

EUR/USD keeps the negative price action well in place and retreats to fresh multi-month lows around 1.0615 on Friday.

If the pair breaches this level in the short-term horizon, it could open the door to a possible retracement to the March low of 1.0516 (March 8), the last defense before an attack to the 2023 low at 1.0481. January 6).

While below the key 200-day SMA at 1.0828, the pair is likely to face extra weakness.

EUR/USD daily chart

EUR/USD

EUR/USD table

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