EUR/USD Technical Analysis: A test of 1.0925 is likely while below 1.1053

EUR/USD Technical Analysis: A test of 1.0925 is likely while below 1.1053

  • EUR/USD remains under pressure around the 1.10 neighbourhood so far this week.
  • The down move to weekly lows near 1.0970 has opened the door for a potential new visit to YTD lows in the proximity of 1.0920 (September 3rd).
  • Looking at the broader picture, the bearish view on the pair should persist as long as the 3-month resistance line, today at 1.1053, caps the upside.

EUR/USD daily chart



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