EUR/USD Technical Analysis: Bullish attempts limited around 1.1100

FX Street

Updated: 17 Sep. 2019 | 12:27

EUR/USD is looking to recover from sub-1.1000 levels amidst a persistent and moderate bid tone around the Greenback.
Occasional bullish attempts now face key hurdle in the 1.1100 neighbourhood, where converge the 3-month resistance line and post-ECB tops.
Above this area the downside pressure should alleviate somewhat and allow for a test to the 55-day SMA at 1.1132 and late August peak at 1.1163.

EUR/USD daily chart

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