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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

 

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