12 Nov 2019
EUR/USD technical analysis: Euro hitting fresh three-week lows, approaching 1.1000 handle
- EUR/USD is drifting down in the New York session.
- The level to beat for sellers is the 1.0995 support level.
EUR/USD daily chart
The Euro, on the daily chart, is trading in a downtrend below the main daily simple moving averages (DMAs). The Fiber remains soft on the second day of the week.
EUR/USD four-hour chart
The market is breaking below the 1.1016 support level. The bear move can extend towards the 1.0995, 1.0965 and 1.0920 support levels, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
EUR/USD is trading below the main SMAs, suggesting a bearish bias in the near term. Resistance is seen at the 1.1016, 1.1033, 1.1056 and 1.1079 price levels, according to the Technical Confluences Indicator.
Additional key levels