- EUR/USD is regaining its downtrend and approaching 1.0900.
- Next support comes at the weekly low at 1.0909.
Sales dynamics around EUR/USD gathering further momentum, pulling the pair to new 3-week lows near 1.0920 on Thursday.
If the bears remain in check, EUR/USD could see a weekly low at 1.0909 (April 17) quickly retrace ahead of the provisional 55-day SMA at 1.0841, which is just ahead of another weekly low at 1.0831 ( April 10).
In the longer term, the constructive view remains unchanged while it is above the 200-day SMA, today at 1.0440.
