EUR/USD Price Analysis: Looks offered and could slip back to 1.1800

• EUR/USD breaks below the previous support around 1.1850.
• Further downside could re-visit 1.1800 in the near term.

EUR/USD extends the bearishness for yet another session and tumbles to new 3-month lows near 1.1820.

A better-than-forecast results at US NFP could lend extra support to the dollar and therefore accelerate losses in EUR/USD. Against this, there is an interim support in the 1.1800 neighbourhood ahead of the Fibo level at 1.1762.

The near-term outlook for EUR/USD is forecast to remain on the negative side while below the key 200-day SMA, today at 1.1996.

EUR/USD daily chart