Home EUR/USD Technical Analysis: Absence of buying interest exposes a potential test of 1.1050 and below

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EUR/USD Technical Analysis: Absence of buying interest exposes a potential test of 1.1050 and below

FX Street

Updated: 28 Aug. 2019 | 11:52

EUR/USD remains unable to sustain a bull run above the 1.1100 handle for the time being.
Immediately to the upside emerges the interim hurdle at Monday’s tops around 1.1160 ahead of the Fibo retracement at 1.1186 while the 1.1203/08 band emerges as a more significant resistance. In this area coincide the 55-day and 100-day SMAs.
If the sellers regain the upper hand, a visit to last week’s low at 1.1051 should be back to the horizon ahead of 2019 lows at 1.1026.

EUR/USD daily chart

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