- After two sessions with losses, EUR/USD is now seeing some tepid recovery to the 1.1150/60 band.
- In the meantime, a probable move lower remains well on the cards while below the key 55-day SMA in the 1.1230 region. This important hurdle is reinforced by recent failed bullish attempts.
- The inability of the pair to regain this area of resistance in the near term (the sooner the better) should encourage sellers to return to the market on a more convincing fashion and trigger a move lower to, initially, the 1.1100 neighbourhood ahead of 2019 low at 1.1026.
EUR/USD daily chart
Source: https://www.fxstreet.com/news/eur-usd-t ... 1908151016
