Home EUR/USD Technical Analysis: The pair still targets 2019 lows in the 1.1180 region

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EUR/USD Technical Analysis: The pair still targets 2019 lows in the 1.1180 region

FX Street

Updated: 27 Mar. 2019 | 10:57

Spot came under renewed selling pressure on Wednesday and tested fresh weekly lows in the 1.1250/40 band.
Extra retracements are therefore likely and now target the yearly lows in the 1.1180/75 band.
In the broader picture, the negative outlook on EUR/USD is seen unchanged while below the 5-month resistance line, today at 1.1401.

EUR/USD daily chart

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