EUR/USD Price Analysis: On its way to 1.1090?
- EUR/USD continues to fade the recent move to the 1.1170 zone.
- The 55-day SMA in the 1.1090 area now emerges on the radar.
EUR/USD is facing extra selling pressure on Friday after hitting fresh weekly peaks in the 1.1170/75 band on Thursday.
If the selling pressure gathers impulse, then a potential move to the key 55-day SMA in the 1.1090 area should start gathering consensus.
The bullish view is seen unaltered as long as the 55-day SMA at 1.1094 underpins.
EUR/USD daily chart