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EURUSD Technical Analysis: rising odds for a test of 1.1000 (and below)

ChuChu Rocket, Fri Nov 08, 2019 9:09 pm

mlawson71 wrote: Thu Nov 07, 2019 3:20 am EUR/USD has been testing 1.1070 repeatedly for weeks, let's see when it will finally break out below it.
I wonder if this double top will fall futher?

EUR/USD Technical Analysis: rising odds for a test of 1.1000 (and below)

  • EUR/USD remains under pressure and is now flirting with the key 55-day SMA in the 1.1040 region.
  • A breach of this key area of contention should pave the way for a move to the psychological support at 1.1000 the figure in the short-term horizon.
  • Further south aligns the 1.0920 region ahead of the 2019 low at 1.0879.

EUR/USD daily chart


Source: https://www.fxstreet.com/news/eur-usd-t ... 1911080948
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