OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/USD technical analysis: Fiber pressuring weekly lows near the 1.1000 handle

  • EUR/USD is trading at weekly lows on USD strength. 
  • The level to beat for bears is the 1.1000 handle.
 

EUR/USD daily chart

 
The single currency, on the daily chart, is trading in a bear trend below the main daily simple moving averages (DSMAs). The Fiber remains in a two-week range as investors are waiting for the next catalyst.

EUR/USD four-hour chart

 
EUR/USD is trading below the main SMAs, suggesting a bearish bias in the medium term. The Euro bears are looking for a downside break below the 1.1000 handle to potentially reach 1.0965 and 1.0930 support levels, according to the Technical Confluences Indicator. 
 
  
  

EUR/USD 30-minute chart

 
EUR/USD is hovering near the weekly lows below the main SMAs. Resistances are seen at 1.1023, 1.1045 and 1.1074 price levels, according to the Technical Confluences Indicator.

Additional key levels

 

United States Baker Hughes US Oil Rig Count: 719 vs previous 733

United States Baker Hughes US Oil Rig Count: 719 vs previous 733
Read more Previous

GBP/USD technical analysis: Cable hovering near daily lows, trading sub-1.2500 figure

Read more Next
Start livechat