Analysts see further downside for the euro below 1.1720, targeting 1.1675 amid mild downward momentum.
EUR/USD remains under pressure after breaking below 1.1720 and touching a low of 1.1695, according to market analysis. The pair closed 0.23% lower at 1.1710, with oversold intraday conditions suggesting a potential range of 1.1700–1.1755 in the near term.
Downward momentum has increased slightly, though not sharply, with a bias toward 1.1675 over the next 1–3 weeks. A drop to last month’s low near 1.1655 remains less likely unless momentum strengthens further. The pair previously traded between 1.1720 and 1.1820 before the recent decline.