Home EUR/USD Technical Analysis: Spot looks vulnerable near YTD lows around 1.1100

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EUR/USD Technical Analysis: Spot looks vulnerable near YTD lows around 1.1100

FX Street

Updated: 21 May. 2019 | 10:02

EUR/USD has resumed the downside on Tuesday following yesterday’s mild and unfruitful recovery attempt.
The continuation of the down move is expected to challenge yearly lows in the proximity of 1.1100 the figure. While below the multi-month resistance line at 1.1283, the negative stance in the pair is seen unchanged.
Occasional bullish attempts should meet initial hurdle in the 1.1185/90 band, where coincide the 21-day and 10-day SMAs.

EUR/USD daily chart

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