Home EUR/USD Technical Analysis: The upside met strong resistance in the 1.1060 region

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EUR/USD Technical Analysis: The upside met strong resistance in the 1.1060 region

FX Street

Updated: 14 Oct. 2019 | 11:42

The rally in EUR/USD briefly surpassed the key 55-day SMA in the mid-1.10s last Friday and recorded monthly tops in the 1.1060/65 band, although it did not close above it.
If the pair manages to gather extra traction and clear the 55-day SMA, the next stop could be September’s peak at 1.1109.
Above this area emerges the 100-day SMA at 1.1139.

EUR/USD daily chart

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