Home EUR/USD Technical Analysis: the rebound could extend to the 100-day SMA just below 1.1100

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EUR/USD Technical Analysis: the rebound could extend to the 100-day SMA just below 1.1100

FX Street

Updated: 18 Nov. 2019 | 12:42

EUR/USD is extending the rebound from last week’s lows in the 1.0990/85 band on the back of the persistent offered bias hitting the greenback.
That said, if the buying pressure keeps building up the next target will be at the key 100-day SMA, today at 1.1093.
Further north is located the key 1.1170/80 band, where converge October/November tops, the key 200-day SMA and a Fibo retracement of the 2017-2018 rally.

EUR/USD daily chart

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