Sep 16, 2019
EUR/USD Technical Analysis: The upside was rejected from the resistance line above 1.1100
- The post-ECB up move in EUR/USD met a solid hurdle in the 1.1100 neighbourhood, where emerges the key short-term resistance line.
- Failure to regain and surpass this area in the near term should spark some consolidation ahead of the potential resumption of the selling pressure.
- In case sellers return to the markets on a convincing fashion, there is scope for the pair to re-test the area of YTD lows near 1.0920.
EUR/USD daily chart