EUR/USD Technical Analysis: Rising odds for a visit to 2019 lows in the 1.1100 neighbourhood
|- The pair is trying some consolidation in the lower bound of the range in the mid-1.1100s so far this week.
- The lack of meaningful upside traction exposes EUR/USD to further downside, where YTD low in the 1.1100 area emerges as the immediate support of relevance.
- While the negative stance is expected to persist below the multi-month resistance line at 1.1278, occasional bullish attempts should meet interim hurdle at the 55-day SMA at 1.1237.
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.