20 Aug 2019
EUR/USD technical analysis: Fiber enters the New York session below the 1.1090 level
- EUR/USD is on the defensive near 2-week lows.
- The levels to beat for sellers are the 1.1067 and 1.1027 levels.
EUR/USD daily chart
On the daily time-frame, the common currency is trading in a bear trend below the main daily simple moving averages (DSMAs). The market is under pressure at 2-week lows.
EUR/USD 4-hour chart
The Fiber is trading below 1.1090 resistance and its main SMAs, suggesting a bearish bias in the medium term. Bears need a break below 1.1067 (last week low) to reach 1.1027 and the 1.0970 level to the downside.
EUR/USD 30-minute chart
The market is trading below its main SMAs, suggesting a bearish bias in the near term. Immediate resistances are seen at the 1.1090, 1.1107 and 1.1132 levels, according to the Technical Confluences Indicator.
Additional key levels