Home EUR/USD Technical Analysis: Extra gains could meet the 1.1100 area near term

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EUR/USD Technical Analysis: Extra gains could meet the 1.1100 area near term

FX Street

Updated: 19 Sep. 2019 | 12:22

EUR/USD has resumed the moderate upside on Thursday and is approaching the 1.1070 region after bottoming out near 1.10 the figure in the wake of the FOMC event.
Immediately to the upside emerges the next target at last week’s top near 1.1110 and the 3-month resistance line, today at 1.1088.
A clear of this region on a sustainable fashion should mitigate the downside pressure somewhat and refocus the trade to the 55-day SMA at 1.1124 and late August peak at 1.1163.

EUR/USD daily chart

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