• EUR/USD manages to regain some composure near 1.0700.
  • Further losses could retarget the May low at 1.0635.

EUR/USD attempts a mild recovery to the 1.0700 region at the end of the week.

The underlying bearish sentiment remains unchanged and leaves the door open to extra pullbacks in the short-term horizon. Against that backdrop, the pair could now embark on a probable visit to the May low of 1.0635 (May 31) ahead of the March low of 1.0516 (March 15).

In the meantime, further losses remain in the pipeline while below the key 200-day SMA, today at 1.0822.

EUR/USD daily chart

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