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

Latest Forex News

Editors’ Picks

EUR/USD battles with 1.0800, lower lows still likely

Another batch of dismal German data alongside looming risk-off sent EUR/USD to a fresh multi-year low of 1.0784. Recovery unlikely in the current scenario.

EUR/USD News

AUD/USD nears 0.6661, an over one-decade low

Dovish RBA Minutes and coronavirus concerns of economic growth weighed on the Aussie. Westpac Leading Index coming up next.

AUD/USD News

Altcoins push hard not waiting for a Bitcoin reaction

The Altcoin market has only needed one business day to see prices rise sharply again. Bitcoin, still, has adopted the anchor function and for the moment is giving up the battle for the $10000.

Read more

Gold firmer, near $1,600/oz on coronavirus fears

Renewed fears around the Chinese coronavirus (COVID-19) have been supporting the demand for the safe haven metal in past hours, taking the ounce troy to levels just shy of the key $1,600 mark.

Gold News

FXStreet launches Real-Time Trading Signals

FXStreet Signals offers access to explanatory live webinars, real-time notifications when signals are triggered and exclusive membership to the company’s Telegram group, where users get direct guidance by our analysts and get room to discuss and interact.

More info

Forex MAJORS

Cryptocurrencies

Signatures