EUR/USD Technical Analysis: A breakdown of 1.1200 should expose the 1.1181/76 band

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  • The sentiment around the pair remains depressed around the 1.1200 handle.
  • If sellers manage to break below this key level, the mid-June lows in the 1.1180 region could return to the radar ahead of March low at 1.1176.
  • As long as the critical 200-day SMA at 1.1328 caps the upside, the bearish view on EUR/USD remains intact.

EUR/USD daily chart

 

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