EUR/USD Technical Analysis: Rising odds for a test of 2019 low at 1.0926

FX Street

Published date: 24 Sep. 2019 | 10:02

The leg lower in EUR/USD has gathered traction in past hours following awful prints from European PMIs.
The down move to the 1.0970 region has opened the door for a potential new visit to YTD lows in the proximity of 1.0920 (September 3^rd).
Occasional bullish attempts should meet the initial hurdle of relevance at the short-term resistance line, today at 1.1071. Further up emerge the low-1.1100s, where coincide the 55-day SMA and monthly highs.

EUR/USD daily chart

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