EUR/USD Technical Analysis: Upside limited by the 200-day SMA at 1.1337

FX Street

Published date: 3 Jul. 2019 | 09:48

EUR/USD is losing further ground today, prolonging the rejection from recent tops above the 1.1400 handle and the subsequent breakdown of the key 200-day SMA i the 1.1340 region.
Further retracements are now on the table and target the 100-day SMA at 1.1259 ahead of the 55-day SMA at 1.1231.
On the other hand, spot needs to overcome the 200-day/week SMA in the 1.1340 region to alleviate downside pressure and refocus on the 1.1400 handle and beyond.

EUR/USD daily chart

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