EUR/USD Technical Analysis: Bullish attempts limited around 1.1100
EUR/USD Technical Analysis: Bullish attempts limited around 1.1100
- EUR/USD is looking to recover from sub-1.1000 levels amidst a persistent and moderate bid tone around the Greenback.
- Occasional bullish attempts now face a key hurdle in the 1.1100 neighborhood, where converge the 3-month resistance line and post-ECB tops.
- Above this area, the downside pressure should alleviate somewhat and allow for a test to the 55-day SMA at 1.1132 and late August peak at 1.1163.
EUR/USD daily chart
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