Home EUR/USD Technical Analysis: Rising bets for another test of 2019 lows near 1.1100

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EUR/USD Technical Analysis: Rising bets for another test of 2019 lows near 1.1100

FX Street

Published date: 29 May. 2019 | 09:52

The pair stays on the defensive so far this week, eroding further the rebound seen during the second half of last week to the 1.1200 handle and beyond.
Immediately to the upside emerges the next target at recent peaks near 1.1220. This hurdle is reinforced by the Fibo retracement of the 2019 drop at 1.1216.
Further out, the negative view on EUR/USD remains unchanged while below the multi-month resistance line, today at 1.1264.

EUR/USD daily chart

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