EUR/USD Technical Analysis: Rising odds for a new visit to 1.1181/76

FX Street

Updated: 23 Jul. 2019 | 10:02

EUR/USD is losing further ground during the first half of the week and is now threatening to test the key contention band at 1.1181/76.
A break below this support region should pave the way for a test of 2019 lows in the 1.1100 neighbourhood.
In the meantime, the pair needs to regain recent highs in the 1.1280/90 band to mitigate downside pressure and attempt a test of the critical barrier in the 200-day SMA at 1.1313.

EUR/USD daily chart

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