The solid performance of the Greenback keeps the price action in the risk-associated universe depressed so far on turnaround Tuesday, sending EUR/USD to multi-day lows in the 1.0680 region.
EUR/USD Technical Overview (EURUSD buy or sell now)
On the upside, EUR/USD is expected to face first resistance at the weekly high of 1.0752 (April 26) ahead of the key 200-day SMA of 1.0801, followed by the April peak of 1.0885 (April 9), the March high of 1.0981 (March 8), and the weekly high of 1.0998 (January 11), all before reaching the psychological barrier of 1.1000. (eurusd buy or sell now)
Looking south, a break of the 2024 low of 1.0601 (April 16) might indicate a return to the November 2023 low of 1.0516 (November 1), which comes before the weekly low of 1.0495 (October 13, 2023). Once this region has been achieved, a visit to the 2023 bottom of 1.0448 (October 3) may occur before the round milestone of 1.0400.
The 4-hour chart indicates a consolidative mindset for the time being. The initial up-barrier is at 1.0752, before the 200-SMA at 1.0768. Meanwhile, 1.0673 offers early support ahead of 1.0601 and 1.0516. The relative strength index (RSI) fell to around 42.