EUR/USD Price Analysis: Door open to a test of 1.1500

• EUR/USD accelerate losses to the 1.1530 area, new 2021 lows.
• The next support of note comes at the 1.1500 zone.

EUR/USD sheds further ground and clinches fresh YTD lows in the 1.1530/25 band on Wednesday.

In case the selling pressure picks up extra impulse, then the next support of relevance is expected to emerge at the 1.1500 region, where the March 2020 high sits (1.1495).

In the meantime, the near-term outlook for EUR/USD is seen on the negative side below the key 200-day SMA, today at 1.1953.

EUR/USD daily chart