Home EUR/USD Technical Analysis: The pair stays negative and is now focused on 1.1118, June 2017 lows

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EUR/USD Technical Analysis: The pair stays negative and is now focused on 1.1118, June 2017 lows

FX Street

Updated: 25 Apr. 2019 | 10:27

The better tone in the greenback forced the pair to shed further ground and to print new yearly lows in the 1.1140 region.
The bearish outlook remains well and sound as long as the 6-month resistance line, today at 1.1336, caps the upside.
A deeper pullback is on the cards with immediate target at June 2017 low at 1.1118.

EUR/USD daily chart

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