EUR/USD Technical Analysis: Upside traction expected to struggle near 1.1120

Price action around EUR/USD remains fragile despite the bout of buying pressure in the wake of better-than-expected flash PMIs in core Euroland.
Extra gains appear limited by weekly tops in the proximity of the 1.1120 level ahead of the more relevant 21-day SMA at 1.1137.
On the resumption of the selling bias, immediate contention is seen emerging around 1.1060 (weekly lows) ahead of the 2019 low at 1.1026.

EUR/USD daily chart

Aug 22, 2019

Eurozone: Small uptick in August PMIs – ING

Bert Colijn, senior economist at ING, explains that a small uptick in Eurozone’s August PMIs from 51.5 to 51.8 is somewhat a relief today as analysts

GBP/USD technical analysis: Continues to find decent support near 1.2100 confluence region

Given the pair's recent downfall, the mentioned channel now seemed to constitute towards the formation of a bearish continuation - flag pattern - on s