EUR/USD Technical Analysis: extra losses now point to the 55-day SMA near 1.1040
- EUR/USD has accelerated the downside after breaking below the key 100-day SMA at 1.1119.
- The pair’s decline has once again tested the initial target in the 1.1070 region.
- A breakdown of this area of contention should expose the 55-day SMA, today at 1.1043. This is considered the last defence of the psychological support at 1.10 the figure.

EUR/USD daily chart

Author

Pablo Piovano
FXStreet
Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

















