EUR/USD Price Analysis: Further losses now target 1.0775

Published On: December 5, 2023

– EUR/USD loses further momentum and challenges 1.0800.

– Extra declines look likely once 1.0800 is cleared.

EUR/USD retreated further and tested 1.0800 support on Tuesday.

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

As of now, while above the significant 200-day SMA at 1.0819, the outlook for the pair should remain constructive.

EUR/USD daily chart

EUR/USD

EUR/USD table

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