Home EUR/USD Technical Analysis: Support seen at the 200-day SMA in the mid-1.1300s. Focus on the bearish ‘outside day’.

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EUR/USD Technical Analysis: Support seen at the 200-day SMA in the mid-1.1300s. Focus on the bearish ‘outside day’.

FX Street

Updated: 26 Jun. 2019 | 09:47

The pair is now struggling for direction after finding quite decent support in the 1.1350 region.
Immediately to the upside emerges monthly tops just above 1.1400 the figure ahead of the more relevant area near 1.1450, or March tops.
This important hurdle is considered the last defence for a visit of 2019 highs in the 1.1550/70 band.
Of note, however, is the bearish ‘outside day’ charted yesterday, which could be a prologue for a move lower in the next days.

EUR/USD daily chart

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