EUR/USD Technical Analysis: Remains sidelined near term. Another drop to 1.1180 stays well on the cards

EUR/USD remains unable to surpass weekly highs in the 1.1250 region, sparking some sideline trading as a consequence.
Extra gains to, initially, the key 200-week SMA at 1.1338 should come if spot manage to clear the mid-1.1200s.
On the broader scenario, the near/medium term negative outlook on the pair stays unaltered while below the 6-month resistance line, today at 1.1383.

EUR/USD daily chart

Apr 5, 2019

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