3 Oct 2019
EUR/USD technical analysis: Euro rises to 1.0985 level on disappointing US ISM PMI
- The US ISM Non-Manufacturing PMI dropped to 52.6 in September vs. 55 expected.
- The level to beat for buyers is the 1.1000 handle followed by the1.1030 price level.
EUR/USD daily chart
The shared currency, on the daily chart, is trading in a downtrend below the main daily simple moving averages (DSMAs). The US ISM Non-Manufacturing PMI dropped to 52.6 in September vs. 55 expected.
EUR/USD four-hour chart
EUR/USD broke above the 1.0960 resistance and is now challenging the 1.0985 resistance and the 100 SMA. A break above the 1.1000 handle can expose the 1.1030 resistance, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
EUR/USD is trading above its main SMAs, suggesting bullish momentum in the near term. Immediate support is seen at the 1.0974 and 1.0960 levels, according to the Technical Confluences Indicator.
Additional key levels