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EUR/USD Technical Analysis: A new visit to the 1.1100 region remains on the cards

2019-06-19 16:05

  • The down move in EUR/USD appears to have met some decent contention in the 1.1180 region for the time being.

  • Spot has returned to the area below the key multi-month resistance line, today at 1.1260, after failing just ahead of the key 200-week SMA in the 1.1350 region earlier in the month.

  • A break below March low at 1.1176 should spark further selling mood with the next potential stop at 1.1135 (early May low) ahead of YTD lows in the 1.1100 neighbourhood.



EUR/USD daily chart







 


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