16 Sep 2019
EUR/USD technical analysis: Euro at daily lows, approaching the 1.1000 level
- The market keeps the Euro under pressure in the second part of the London session.
- The level to beat for bears is the 1.1000 level.
EUR/USD daily chart
On the daily time-frame, the shared currency is trading in a bear trend below the main daily simple moving averages (DSMAs). Further down the week, traders will be watching the FOMC on Wednesday.
EUR/USD four-hour chart
The Fiber is under pressure below the 1.1036 resistance and its main SMAs. The market is very close to the 1.1000 figure but has not broken below it yet. If the market break through it, the market can drift down towards 1.0970 and 1.0935, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
EUR/USD is under pressure below its main SMAs. Immediate resistance is at the 1.1036 level and 1.1072, followed by the key 1.1110 price level.
Additional key levels