Home EUR/USD Technical Analysis: Outlook remains negative while below the support line at 1.1157

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EUR/USD Technical Analysis: Outlook remains negative while below the support line at 1.1157

FX Street

Updated: 30 Aug. 2019 | 10:22

EUR/USD remains depressed and it has recently broken below last week’s low at 1.1051.
Immediately to the downside now emerges the YTD low at 1.1026 (August 1) ahead of the 1.0840 region, May 2017 lows.
Looking at the broader picture, as long as the immediate support line – today at 1.1157 – caps the upside, extra losses should stay well on the table in the near term.

EUR/USD daily chart

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