Extra losses target the 1.0500 region

• EUR/USD comes under pressure following two daily advances.
• Further weakness could put the 1.0500 region back on the radar.

EUR/USD sets aside part of the positive first half of the week and revisits the 1.0550 region on Wednesday.

In case sellers regain the upper hand, the pair could put the 1.0500 neighbourhood to the test, while the loss of that region should expose a potential decline to the 2023 low at 1.0448 (October 3).

Meanwhile, further losses remain on the table as long as the pair navigates the area below the key 200-day SMA at 1.0820.

EUR/USD daily chart