Home EUR/USD Technical Analysis: Looks neutral near term. A drop below 1.1100 cannot be ruled out

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EUR/USD Technical Analysis: Looks neutral near term. A drop below 1.1100 cannot be ruled out

FX Street

Published date: 26 Jul. 2019 | 10:37

EUR/USD remains under pressure following the ECB event and is expected to keep the cautious/consolidative stance for the next weeks.
The pair clinched fresh 2019 lows just above the 1.1100 handle although sellers were unable to drag it lower.
While further consolidation is thus expected, a test of sub-1.1100 levels should not be ruled out either for the time being.

EUR/USD daily chart

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