News

EUR/USD technical analysis: Euro rolling into the Asian session below the 1.1000 handle

  • EUR/USD is ending Monday marginally lower below the 1.1000 handle. 
  • Earlier in Europe, the Factory Orders in Germany declined by 0.6% monthly and 6.7% yearly in August.
  • After the London close, the Greenback appreciated on the back of positive news from the US-China trade war.
 

EUR/USD daily chart

 
On the daily chart, the shared currency is trading in a downtrend below its main daily simple moving averages (DSMAs). Earlier, in Europe, the Factory Orders in Germany declined by 0.6% monthly and 6.7% yearly in August. After the London close, positive trade war news lifted the Greenback, sending EUR/USD marginally lower.

EUR/USD four-hour chart

 
EUR/USD is confined in the 1.0960-1.1000 range. The market would need a break above the 1.1000 handle and the 100 SMA to trade towards the 1.1025/43 resistances, according to the Technical Confluences Indicator.
 
 

EUR/USD 30-minute chart

 
 
EUR/USD is trading between the 100 and 200 SMAs, suggesting a consolidation down in the near term. Immediate resistance is seen at the 1.0975 and 1.1000 price levels, according to the Technical Confluences Indicator. 
 

Additional key levels

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.