EUR/USD Price Analysis: Euro vulnerable at two-month lows, eyeing the 1.1000 figure


  • EUR/USD remains under selling pressure below the 1.1068 resistance.
  • The level to beat for bears is the 1.1039 support. 
 

EUR/USD daily chart 

 
EUR/USD is trading in a weak downtrend below the main simple moving averages (SMAs)as the spot is breaking to the downside from a bullish trendline which started in October 2019. EUR/USD created a head-and-shoulders formation which is putting the market under pressure. 
 

EUR/USD four-hour chart

 
The spot is trading in a bear channel below the main SMAs as the sellers are pressuring the 1.1039 support. A break below this level can lead to a decline towards the 1.1000 and 1.0976 and 1.0953 levels, according to the Technical Confluences Indicator. 
  

Additional key levels 

EUR/USD

Overview
Today last price 1.1037
Today Daily Change -0.0019
Today Daily Change % -0.17
Today daily open 1.1056
 
Trends
Daily SMA20 1.114
Daily SMA50 1.1104
Daily SMA100 1.1073
Daily SMA200 1.1133
 
Levels
Previous Daily High 1.1109
Previous Daily Low 1.1036
Previous Weekly High 1.1173
Previous Weekly Low 1.1086
Previous Monthly High 1.124
Previous Monthly Low 1.1002
Daily Fibonacci 38.2% 1.1064
Daily Fibonacci 61.8% 1.1081
Daily Pivot Point S1 1.1025
Daily Pivot Point S2 1.0994
Daily Pivot Point S3 1.0952
Daily Pivot Point R1 1.1098
Daily Pivot Point R2 1.114
Daily Pivot Point R3 1.1171

 

 

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.

Feed news

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!


Latest Forex News

Editors’ Picks

EUR/USD in a phase of bearish consolidation around 1.0850, US NFP eyed

With the US dollar bulls taking a breather following the latest upsurge, EUR/USD is licking its wounds ahead of the European open. The spot trades close to the six-day lows reached Thursday at 1.0820, as it awaits the critical US data for the next direction.

EUR/USD News

GBP/USD: Weaker below 1.2400 ahead of UK PMI, US data

GBP/USD bears the burden of broad US dollar strength while waiting for fresh impulse. UK plans to issue coronavirus “immunity passports”. Final reading of the UK’s March PMIs, US jobs report and ISM Non-Manufacturing PMI will be in focus.

GBP/USD News

Forex Today: Coronavirus risks loom, USD bulls take a breather ahead of US Payrolls

The relentless rise in the coronavirus cases world-wide continues to keep the investors on the edge. The US dollar continued to enjoy the safe-haven flows, as the Asian equities turned negative alongside the US stock futures.

Read more

WTI consolidates recent gains amid fresh challenges to risk-tone

Even if US President Donald Trump reiterated his calls for oil production cuts, WTI remains under pressure around $23.75 amid the Asian session on Friday. The black gold fails to cheer the upbeat signals from the US leader amid risk reset.

Oil News

Gold snaps two-day recovery, stays above $1,600, as trade sentiment sours

Gold fails to extend the previous recovery gains amid fresh challenges to risk. Wuhan Chief cited coronavirus resurgence risk, Washington Governor extends lockdown. S&P keeps US rating/outlook intact, expects a recovery in 2021.

Gold News

Forex MAJORS

Cryptocurrencies

Signatures