EUR/USD: Close below 1.1574 to open up the path towards 1.1500 – OCBC

The EUR/USD pair is hovering around the 1.16 support level. Economists at OCBC are closely watching the 200-week moving average at 1.1574 as a break below here would introduce scope for the 1.15 level.

See – EUR/USD: Scope for a nosedive to the 1.1424 mark – Commerzbank

EUR/USD targets the 200-week at 1.1574

“EUR/USD is at the key 1.1600 support, having swiftly broken through the year-to-date low at 1.1664.”

Into the weekend, the target is the 200-week MA (1.1574). A close below that will open up the path towards 1.1500 next week.”