16 Sep 2019
EUR/USD technical analysis: The Fiber is under pressure in the New York session, sub-1.036 level
- EUR/USD has been under selling pressure since the open in Asia.
- The level to beat for bears is the 1.1000 level.
EUR/USD daily chart
On the daily time-frame, the common currency is trading in a bear trend below its main daily simple moving averages (DSMAs). EUR/USD is starting the week on the back foot as investors will closely be watching the FOMC on Wednesday.
EUR/USD four-hour chart
The Fiber rejected the 1.1100 resistance as bears are keeping the pressure on the common currency in the New York session. EUR/USD is trading below 1.1036 resistance and the main SMAs suggesting bearish momentum in the medium term. Support on the way down can be seen at 1.1000, 1.0970 and 1.0935, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
The market is trading below its main SMAs, suggesting a bearish bias in the short term. Immediate resistance is at 1.1036, 1.1072, followed by the key 1.1110 price level.
Additional key levels