Home EUR/USD Technical Analysis: The outlook remains bearish below the resistance line at 1.1067

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EUR/USD Technical Analysis: The outlook remains bearish below the resistance line at 1.1067

FX Street

Published date: 23 Sep. 2019 | 12:12

EUR/USD has picked up further downside pressure on Monday in response to another wave of disappointing PMI results in the euro area.
Today’s breakdown of the key support at 1.1000 the figure should open the door for extra weakness to the 2019 low at 1.0926 in the near term.
Looking at the broader picture, while below the 3-month resistance line, today at 1.1067, the negative view is expected to remain unchanged.

EUR/USD daily chart

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