Home EUR/USD Technical Analysis: A breach of 1.1200 should expose a deeper pullback

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EUR/USD Technical Analysis: A breach of 1.1200 should expose a deeper pullback

FX Street

Published date: 17 Jun. 2019 | 11:07

The recent decline in EUR/USD has met support in the 1.1200 neighbourhood so far.
A breakdown of this area should pave the way for an initial test of March low at 1.1176 ahead of 2019 lows at 1.1106 recorded on May 23.
Furthermore, while below the critical 200-day SMA at 1.1358, further downside should not be ruled out.

EUR/USD daily chart

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