EUR/USD Technical Analysis: The 1.10 area keeps holding the downside
- EUR/USD remains depressed near the 1.10 mark for yet another day.
- A breach of 1.10 should put 1.0930 back on the radar.

EUR/USD remains in the area of 2-week lows around the key 1.10 handle.
Above the 55-day SMA at 1.1041 the downside pressure should alleviate and allow for a potential test of last week’s highs in 1.1095/1.1100 band.
If the pair clears 1.10, then the 1.0990 region should offer interim support ahead of the more relevant 1.0930 zone. If the selling impetus picks up pace, then a move to 2019 low at 1.0879 should not be ruled out.

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.

















