Sep 20, 2019
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