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EUR/USD Technical Analysis: rising odds for a test of 1.1000 (and below)

2019-11-08 18:00    FXYEAH
  • EUR/USD remains under pressure and is now flirting with the key 55-day SMA in the 1.1040 region.
  • A breach of this key area of contention should pave the way for a move to the psychological support at 1.1000 the figure in the short-term horizon.
  • Further south aligns the 1.0920 region ahead of the 2019 low at 1.0879.

EUR/USD daily chart

 

EURTechnical Analysis

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