Home EUR/USD Technical Analysis: Rising odds for a visit to 2019 lows in the 1.1100 neighbourhood

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EUR/USD Technical Analysis: Rising odds for a visit to 2019 lows in the 1.1100 neighbourhood

FX Street

Updated: 22 May. 2019 | 09:37

The pair is trying some consolidation in the lower bound of the range in the mid-1.1100s so far this week.
The lack of meaningful upside traction exposes EUR/USD to further downside, where YTD low in the 1.1100 area emerges as the immediate support of relevance.
While the negative stance is expected to persist below the multi-month resistance line at 1.1278, occasional bullish attempts should meet interim hurdle at the 55-day SMA at 1.1237.

EUR/USD daily chart

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