EUR/USD Price Analysis: Next on the downside comes 1.0944

• EUR/USD trades without clear direction around 1.0960.
• The loss of this area exposes a drop to 1.0944.

EUR/USD remains unable to gather convincing traction around 1.0960 on Tuesday.

Considering the ongoing price action, further decline remains in store for the pair in the short-term horizon. Against that, a break below the 1.0960 region carries the potential to spark a retracement to, initially, the weekly low at 1.0944 (March 28) prior to another weekly low at 1.0900 (March 14).

The medium-term negative outlook for EUR/USD is expected to remain unchanged while below the key 200-day SMA, today at 1.1474.

EUR/USD daily chart