Home EUR/USD Technical Analysis: extra losses now point to the 55-day SMA near 1.1040

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EUR/USD Technical Analysis: extra losses now point to the 55-day SMA near 1.1040

FX Street

Published date: 6 Nov. 2019 | 10:37

EUR/USD has accelerated the downside after breaking below the key 100-day SMA at 1.1119.
The pair’s decline has once again tested the initial target in the 1.1070 region.
A breakdown of this area of contention should expose the 55-day SMA, today at 1.1043. This is considered the last defence of the psychological support at 1.10 the figure.

EUR/USD daily chart

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