EUR/USD Technical Analysis: Downside pressure targets the 1.1070 region

FX Street

Published date: 5 Nov. 2019 | 12:32

EUR/USD continues to correct lower after another failed attempt to break above the critical resistance area around 1.1180.
Further selling pressure should meet initial contention around recent lows in the 1.1070 area ahead of the key 55-day SMA, today 1.1044.
A break above the 1.1180 area should put the critical 200-day SMA just below 1.1200 the figure back on the investors’ radar in the near term horizon.

EUR/USD daily chart

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