EUR/USD Makes Fresh 10-Week Lows
The euro has continued losing ground to the greenback on Tuesday, with
the shared currency under pressure amid equity gains and dragged down by
the EUR/GBP cross and the dollar retaining a bid tone.
EUR/USD broke
below the 100-day SMA and slid to its lowest level in over 2-months at
1.1139 in recent dealings. At time of writing, the pair is trading at
1.1145, recording a 0.69% loss on the day.
EUR/USD technical levels
In terms of technical levels, immediate supports are seen at 1.1102
(200-day SMA/psychological level), 1.1057 (Mar 16 low) and 1.1024 (Mar 7
low). On the flip side, resistances line up at 1.1242 (May 23 high),
1.1315 (50-day SMA/May 18 high) and 1.1348 (20-day SMA).
