EUR/USD Price Analysis: A test of 1.0570 looks likely

• EUR/USD resumed the downside and dropped to 1.0653.
• Next on the downside emerges the April 2017 low at 1.0569.

In spite of the ongoing bounce off YTD lows near 1.0650, EUR/USD remains under pressure in the current high volatility context.

While below the 55-day SMA, today at 1.1053, the pair is expected to keep the negative view unchanged.

Against this backdrop, a breach of recent lows in the mid-1.0600s should expose the next support of significance at the April 2017 low at 1.0569 ahead of the February 2017 low at 1.0493.

EURUSD daily chart