News

EUR/USD Technical Analysis: A visit to 2019 low at 1.1176 remains on the cards

  • The pair is recovering part of the ground lost during last week and is now looking to regain the mid-1.1200s amidst broad-based USD weakness.
  • EUR/USD is now facing the next significant at 1.1337, where sits the critical 200-week SMA.
  • Despite the ongoing rebound, the view on spot remains negative in the longer run while below the key 6-month resistance line, today at 1.1396.

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.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.