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  • The outlook on EUR/USD remains fragile to say the least, and is now managing to regain some composure after earlier 2019 lows in the 1.0960 region.
  • The persistent offered bias carries the potential to drag spot to the 1.0840 region, where sits May 2017 lows.
  • Interim resistance is expected to emerge at the 10-day SMA at 1.1068 ahead of the 21-day SMA at 1.1117. Further up aligns last week’s failed bull run to 1.1163.

EUR/USD daily chart