EUR/USD Technical Analysis: the resumption of the selling bias could test the 1.1040 region
|- EUR/USD has left behind the optimism seen at the beginning of the week and is today challenging recent lows in the 1.1080/70 band.
- Against this backdrop, Thursday’s bearish ‘outside day’ remains well in place and still points to further losses in the near term.
- That said, a deeper pullback should see the 55-day SMA at 1.1040 retested. This area of support is reinforced by the proximity of the 21-day SMA, today at 1.1045.
EUR/USD daily chart
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