Home EUR/USD Technical Analysis: The pair approaches the key resistance line in the 1.1020 region

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EUR/USD Technical Analysis: The pair approaches the key resistance line in the 1.1020 region

FX Street

Updated: 8 Oct. 2019 | 12:12

EUR/USD is finding increasingly difficult to break above the critical resistance at the 1.10 barrier.
The inability of the pair to break above this area of resistance in the near term carries the potential to spark a consolidative move ahead of the likely resumption of the selling sentiment.
In addition, while below the 3-month resistance line, today at 1.1018, the bearish view is expected to remain unaltered.

EUR/USD daily chart

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