EUR/USD Price Analysis: The main challenge is the 55-day SMA
|- EUR/USD is hovering around the 55-day SMA near 1.1090.
- Key support is located around 1.1070/60.
EUR/USD’s decline met decent contention in the proximity of 1.1070. This area of support is also reinforced by the 100-day SMA and the 3-month support line in the 1.1060/65 region.
The offered bias in the spot should alleviate somewhat above the 55-day SMA, today at 1.1091.
Further south emerges the 1.1040 area, early December lows.
EUR/USD daily chart
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.