Home EUR/USD Technical Analysis: Targets the 21-day SMA at 1.1000 in the near term

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EUR/USD Technical Analysis: Targets the 21-day SMA at 1.1000 in the near term

FX Street

Updated: 3 Oct. 2019 | 11:37

EUR/USD is looking to extend the recovery from recent YTD lows in the 1.0880 region, although strong resistance emerged in the 1.0950/60 band.
That said, a breakout of this area should expose the minor hurdle at the 21-day SMA at 1.10.
Further up aligns the critical short-term resistance line, today at 1.1033. The pair needs to clear this zone in order to alleviate the downside pressure somewhat.

EUR/USD daily chart

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