Extra gains could be selling opportunities

  • EUR/USD rebounds to the proximity of 1.0600 on Friday.
  • Another visit to the YTD low at 1.0470 stays on the cards.

EUR/USD attempts a technical bounce following oversold levels, although the move ran out of steam near 1.0600 at the end of the week.

The offered stance in the pair remains well and sound despite Friday’s bounce and the door stays open to another probable visit to the YTD low around 1.0470 (April 28).

While below the 2-month line around 1.0990, extra losses in the pair are likely.

EUR/USD daily chart