EUR/USD Technical Analysis: The recent decline opens the door for a breakdown of 1.0900

The bearish view remains unaltered around EUR/USD, which has recorded fresh 2-year lows in the boundaries of 1.09 the figure earlier in the session.
If the selling impulse picks up extra pace, a break below 1.09 should pave the way for a test of May 2017 lows in the 1.0840 region in the next weeks.
Looking at the broader picture, the negative stance on the pair should remain unchanged while below the 3-month resistance line, today at 1.1050.

EUR/USD daily chart

Sep 27, 2019

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