Home EUR/USD Technical Analysis: Bearish view intact below the resistance line at 1.1286

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EUR/USD Technical Analysis: Bearish view intact below the resistance line at 1.1286

FX Street

Updated: 20 May. 2019 | 09:47

EUR/USD remains under pressure, prolonging the downside seen during last week below the key support at 1.1200 the figure.
Further downside is expected for the time being, and therefore a new visit to 2019 lows in the vicinity of 1.1100 remains on the cards while below 1.1286, where sits the multi-month resistance line.
Occasional bullish attempts should meet initial hurdle just below the 1.1200 mark, where aligns the 21-day and 10-day SMAs.

EUR/USD daily chart

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