- EUR/USD is losing further ground during the first half of the week and is now threatening to test the key contention band at 1.1181/76.
- A break below this support region should pave the way for a test of 2019 lows in the 1.1100 neighbourhood.
- In the meantime, the pair needs to regain recent highs in the 1.1280/90 band to mitigate downside pressure and attempt a test of the critical barrier in the 200-day SMA at 1.1313.
EUR/USD daily chart
Source: https://www.fxstreet.com/news/eur-usd-t ... 1907230759
