26 Sep 2019
EUR/USD technical analysis: Euro is challenging the 2019 lows
- EUR/USD is under pressure printing fresh 2019 lows this Thursday.
- The market is now hovering near the daily lows in a mixed session.
EUR/USD daily chart
The shared currency, on the daily chart, is trading in a bear trend below the main daily simple moving averages (DSMAs). Earlier in the New York session, the US Gross Domestic Product came in at 2% as it was expected by analysts.
EUR/USD four-hour chart
The market is attempting to pierce below the 1.0918 support near the 2019 low currently at 1.0921. A break below 1.0918 could open the door to 1.0890 price level, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
The Euro/Dollar exchange rate is trading below its main SMAs, suggesting a bearish bias in the near term. If the market retakes the 1.0940 resistance, it can lead to a restest of the 1.1000 figure, according to the Technical Confluences Indicator.
Additional key levels