EUR/USD Price Analysis: Another run to the 2022 low looks likely

• EUR/USD gathers some upside traction above 0.9600.
• Another test of the YTD low near 0.9550 stays on the cards.

EUR/USD meets some fresh buying interest and reclaims the area beyond the 0.9600 mark on Tuesday.

Rising bets for extra weakness in the European currency remain well on the table with the immediate target at the 2022 low at 0.9552 (September 26). A deeper drop could challenge the round level at 0.9500 ahead of the weekly low at 0.9411 (June 17 2002).

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0676.

EUR/USD daily chart