7 Oct 2021
EUR/USD Price Analysis: Bets for a move to 1.1500 on the rise
- EUR/USD struggles for direction in the mid-1.1500s.
- Further south comes the YTD low at 1.1562.
EUR/USD fades the initial optimism and shifts the attention back to the YTD lows and further south.
Another visit to the 2021 low at 1.1529 remains well on the table in the near future amidst the current atmosphere. Further south from here a test of the 1.1500 neighbourhood should start emerging on the horizon.
In the meantime, the near-term outlook for EUR/USD is seen on the negative side below the key 200-day SMA, today at 1.1950.
