Home EUR/USD Technical Analysis: inability to surpass 1.1180 should give way to some consolidation

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EUR/USD Technical Analysis: inability to surpass 1.1180 should give way to some consolidation

FX Street

Published date: 4 Nov. 2019 | 12:12

The upside in EUR/USD continues to struggle in the proximity of October peaks in the 1.1180 region.
A break above this area should put the critical 200-day SMA just below 1.1200 the figure back on the investors’ radar.
On the broader view, the pair could move into a consolidative phase (ahead of the resumption of the downside) as long as it remains unable to clear the 1.1180 region in the short-term horizon.

EUR/USD daily chart

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