It's a bit of a smelly bum!mlawson71 wrote: Thu Oct 24, 2019 3:07 am Well, it's bearish for now. I think it will test 1.1100 for sure.
EUR/USD Technical Analysis: A test of the 55-day SMA around 1.1050 stays on the table
- EUR/USD has managed to rebound from recent lows near 1.1100 the figure and advanced to the 1.1160/65 band earlier today, where it lost some vigour.
- The expected dovish tone from the ECB event later today carries the potential to spark another challenge of the 1.1100 neighbourhood.
- If the selling impetus gathers further traction, then the critical 55-day SMA in the mid-1.10s would become the next target of relevance.
Source: https://www.fxstreet.com/news/eur-usd-t ... 1910241003