Home EUR/USD Technical Analysis: The upside was rejected from the resistance line above 1.1100

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EUR/USD Technical Analysis: The upside was rejected from the resistance line above 1.1100

FX Street

Updated: 16 Sep. 2019 | 12:12

The post-ECB up move in EUR/USD met a solid hurdle in the 1.1100 neighbourhood, where emerges the key short-term resistance line.
Failure to regain and surpass this area in the near term should spark some consolidation ahead of the potential resumption of the selling pressure.
In case sellers return to the markets on a convincing fashion, there is scope for the pair to re-test the area of YTD lows near 1.0920.

EUR/USD daily chart

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