News

EUR/USD technical analysis: Fiber pressuring weekly lows near the 1.1000 handle

  • EUR/USD is trading at weekly lows on USD strength. 
  • The level to beat for bears is the 1.1000 handle.
 

EUR/USD daily chart

 
The single currency, on the daily chart, is trading in a bear trend below the main daily simple moving averages (DSMAs). The Fiber remains in a two-week range as investors are waiting for the next catalyst.

EUR/USD four-hour chart

 
EUR/USD is trading below the main SMAs, suggesting a bearish bias in the medium term. The Euro bears are looking for a downside break below the 1.1000 handle to potentially reach 1.0965 and 1.0930 support levels, according to the Technical Confluences Indicator
 
  
  

EUR/USD 30-minute chart

 
EUR/USD is hovering near the weekly lows below the main SMAs. Resistances are seen at 1.1023, 1.1045 and 1.1074 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.