EUR/USD Technical Analysis: Door open for a move to May 2017 low at 1.0839

FX Street

Updated: 2 Sep. 2019 | 13:27

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

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