OctaFX | OctaFX Forex Broker
Open trading account

EUR/USD Price Analysis: Euro rolling into Asia below 1.1129 resistance

  • EUR/USD is under bearish pressure below 1.1129/1.1142 price zone.
  • The level to beat for sellers is the 1.1094/1.1071 support zone.

EUR/USD daily chart

The market is retracing back down below the 200-day simple moving average (SMA) as the spot is easing from the December 2019 tops.

EUR/USD four-hour chart

EUR/USD broke below the 1.1142/1.1129 price zone and is now settling below the 200 SMA on the four-hour chart. As the market remains under pressure, sellers will likely try to break below the 1.1094/1.1071 support zone. If the bears gather enough momentum, they could target the 1.1000 handle. Resistances are seen near the 1.1129/1.1142 price zone, 1.1160 and 1.1187 price level, according to the Technical Confluences Indicator. 

Additional key levels


Wall Street close: Benchmarks make records on phase-one deal hopes, war de-escalation and Fed on hold

US benchmarks shrugged off the persistent concerns over the Persian Gulf on Thursday, making hay while the sun shines, following the deflationary addr
Read more Previous

NZD/USD seesaws near 14-day low on the NFP day

NZD/USD stays under pressure while taking rounds to 0.6810, the 14-day low, during early Friday’s Asian session.
Read more Next
Start livechat