- EUR/USD extends losses to 1.1630
- Key support at 1.1500
Bears are in control of EUR/USD after a mild move higher on Thursday, pulling EUR/USD down to the region of the 2-month lows around 1.1630 on Friday.
An extension to the selloff towards support at 1.1500 region (March tops) is possible but not expected currently.. On the upside, 1.17 is seen as a target
The longer-term EUR/USD is expected to maintain the uptrend whilst it holds the 200-day SMA, (1.1234 today).