EUR/USD Price Analysis: Sellers now target 1.1422

• EUR/USD plummets well below the 1.1500 mark on Thursday.
• Further selling could see the 1.1422 level revisited near term.

EUR/USD drops further and clinches new YTD lows in the 1.1450 region in the second half of the week.

The continuation of the downtrend appears favoured in the short-term horizon. Against this, and if the pair clears the YTD low at 1.1453, the focus of attention is expected to gyrate to the June 2020 high at 1.1422 (June 10).

In the meantime, extra losses remain in the pipeline as long as the immediate short-term line near 1.1630 caps the upside.

EUR/USD daily chart