Home EUR/USD Technical Analysis: Bearish view unchanged, still targets 2019 lows around 1.1180

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EUR/USD Technical Analysis: Bearish view unchanged, still targets 2019 lows around 1.1180

FX Street

Published date: 28 Mar. 2019 | 09:57

The offered bias stays unchanged around the pair so far this week, opeining the door at the same time for a move lower.
Further losses are thus in the pipeline and now target the so far 2019 low at 1.1176 seen in early March.
Occasional bullish attempts are expected to meet the initial target of relevance at the critical 200-week SMA at 1.1337.
In the broader picture, the negative outlook on EUR/USD is seen intact while below the 5-month resistance line, today at 1.1401.

EUR/USD daily chart

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