Home EUR/USD Technical Analysis: A visit to 2019 lows stays on the cards while below 55-day SMA

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EUR/USD Technical Analysis: A visit to 2019 lows stays on the cards while below 55-day SMA

FX Street

Updated: 8 May. 2019 | 10:02

EUR/USD appears sidelined so far this week, always around the key handle at 1.1200 the figure.
While below the 1.1260/70 band – where emerge recent tops and the 55-day SMA – another test of yearly lows in the 1.1100 neighbourhood should stay well on the cards.
Furthermore, the bearish outlook on the pair is expected to remain intact below the multi-month resistance line at 1.1310.

EUR/USD daily chart

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