EURUSD Dec 19

2019-12-19 14:18:31

EUR/USD is looking south and could drop to the 50-day average support at 1.1080.

The pair repeatedly faced rejection above the 200-day average in the four days to Dec. 17 and fell by 0.32% on Wednesday, violating the trendline rising from Nov. 29 and Dec. 11 lows.