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EUR/USD can’t sustain the move above the 1.0800 mark.
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Extra losses could drag the pair to the 1.0760 region.
EUR/USD fades the initial bullish attempt to the area above 1.0800 the figure on Tuesday.
In case bears regain the upper hand, the pair could slip back to the August low of 1.0765 (August 25). South from here emerges the May low of 1.0635 (May 31) ahead of the 2023 low of 1.0481 (January 6).
A drop below the 200-day SMA, today at 1.0807, should keep extra pullbacks in store for the time being.
EUR/USD daily chart
EUR/USD
