10 Dec 2019
EUR/USD price analysis: Euro off daily highs, trading sub-1.1083 level
- EUR/USD has been grinding up in the Asian and London session. However, the quote seems to be capped by 1.1083 resistance.
- The level to beat for bears is the 1.1060 support.
EUR/USD daily chart
The shared currency, on the daily chart, is trading below the 200-day simple moving average (DMA). However, at the start of the month, the rate had a strong bullish reversal. The bears would need a daily close below the 1.1000 handle to restore a clear bearish bias.
EUR/USD four-hour chart
EUR/USD is challenging the 1.1083 resistance while trading above its main SMAs on the four-hour chart. The bulls want to pierce through this resistance to bring the quote towards the 1.1117 level, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
The euro is struggling below the 1.1083 resistance and a flat 200 SMA on the 30-minute chart. Bears want a daily close below the 1.1060 level to drive prices towards the 1.1031, 1.1008 and 1.0985 levels, according to the Technical Confluences Indicator.
Additional key levels