Gosh, I hate this consolidation!mlawson71 wrote: Fri Aug 16, 2019 12:29 am It's clearly very bearish after over a week of consolidation. Let's see whether it will drop below 1.1000 too.
EUR/USD Technical Analysis: Scope for a visit to yearly lows near 1.1020
- EUR/USD remains entrenched into the negative territory and it has now breached the key support at 1.11 the figure.
- In doing so, the pair has now exposed a potential move to the area of 2019 lows in the 1.1030/20 band.
- Further down, the next relevant contention is expected to emerge at May 2017 low at 1.0839.
EUR/USD daily chart
Source: https://www.fxstreet.com/news/eur-usd-t ... 1908161038