The 2020 low is just around the corner


  • EUR/USD extends the recent breach of the 1.0700 level.
  • Next on the downside emerges the 2020 low at 1.0635.

EUR/USD drops further and prints new lows for the year around 1.0650 on Tuesday.

The downside momentum in the pair gathers extra steam and now the door looks wide open to a potential visit to the 2020 low at 1.0635 (March 23) in the short-term horizon.

While below the 2-month line around 1.1020, extra losses remain well on the cards for the pair.

EUR/USD daily chart