Home EUR/USD Technical Analysis: Downside pressure alleviated above the resistance line at 1.1284

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EUR/USD Technical Analysis: Downside pressure alleviated above the resistance line at 1.1284

FX Street

Published date: 7 Jun. 2019 | 10:57

The weekly upside momentum in the pair failed just above the 1.1300 handle.
EUR/USD needs to close above the multi-month resistance line at 1.1284 to alleviate downside pressure and allow at the same time a potential test of April’s tops in the 1.1320/25 band.
If this area is cleared, the immediate relevant target should come at the 200-week SMA at 1.1343.

EUR/USD daily chart

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