EUR/USD Technical Analysis: rising odds for a test of 1.0930

FX Street

Updated: 14 Nov. 2019 | 14:57

EUR/USD remains well on the defensive and it has recorded fresh weekly lows in the 1.0990/85 band earlier in the session.
That said, if the selling impetus picks up extra steam the next target will be at the 1.0930 region ahead of the 2019 low at 1.0879.
On the flip side, immediately above emerges the 55-day SMA at 1.1035. A breakout of this level is needed to reassert the positive outlook and allow a potential move to the 1.1100 region.

EUR/USD daily chart

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