Home EUR/USD Technical Analysis: The bearish outlook remains unchanged. Scope for a visit to 1.1176, 2019 low

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EUR/USD Technical Analysis: The bearish outlook remains unchanged. Scope for a visit to 1.1176, 2019 low

FX Street

Updated: 24 Apr. 2019 | 10:57

EUR/USD came under extra selling pressure this week and is now looking to consolidate in the 1.1200 area after bottoming out in the 1.1195/90 band.
The pair stays offered after the rejection from last week’s tops beyond 1.1300 the figure and has now re-shifted its focus to 1.1176, 2019 low.
While below the key 6-month resistance line, today at 1.1375, the negative view is expected to prevail.

EUR/USD daily chart

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