EUR/USD falls to fresh two-week low below 1.1100

Technical Analysis

Author: Justin Low | eurusd

EUR/USD falls to 1.1087, the lowest level since 2 August

EUR/USD H1 16-08
It's not a massive move by any means but we are seeing the dollar firm across the board as EUR/USD slips back below 1.1100 to a fresh two-week low.

The greenback is also seen advancing against franc, aussie and kiwi with also a slight nudge higher in USD/JPY to 106.20 currently.

For EUR/USD, the next key area to watch out for is the swing region around 1.1070-80. If that gives way, expect sellers to find less resistance in driving the pair lower towards 1.1000.

As for the outlook ahead of the next week, you can check out my earlier post here.

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose