EUR/USD Price Analysis: Sluggish below immediate support-turned-resistance

  • EUR/USD remains under pressure near the four-month low.
  • October 2019 low will add a filter to the pair’s declines below 1.0900 mark.
  • Friday’s low, the short-term descending trend line will add to the nearby resistances.

EUR/USD bears catch a breath around 1.0910 during the Asian session on Tuesday. The pair dropped to the yearly low the previous day but fails to slip beneath the 1.0900 round-figure. Even so, a three-day-old support-turned-resistance trend line limits the quote’s immediate pullback moves amid bearish MACD signals.

As a result, the sellers will keep eyes on 1.0900 mark as a trigger to take aim at October 2019 low near 1.0880.

In a case, the bears keep the helm past-1.0880, May 2017 low near 1.0840 and 1.0800 will grab the market’s attention.

Meanwhile, an upside break of the immediate resistance line, currently at 1.0915, can challenge another falling trend line resistance, also including Friday’s low, around 1.0940/45.

Even if the bulls manage to cross 1.0945 mark, their dominance remains doubtful unless breaking the January’s monthly top near 1.1100.

EUR/USD hourly chart

Trend: Bearish

Additional important levels

Today last price 1.091
Today Daily Change -0.0038
Today Daily Change % -0.35
Today daily open 1.0948
Daily SMA20 1.106
Daily SMA50 1.11
Daily SMA100 1.107
Daily SMA200 1.1123
Previous Daily High 1.0985
Previous Daily Low 1.0942
Previous Weekly High 1.1089
Previous Weekly Low 1.0942
Previous Monthly High 1.1225
Previous Monthly Low 1.0992
Daily Fibonacci 38.2% 1.0958
Daily Fibonacci 61.8% 1.0969
Daily Pivot Point S1 1.0932
Daily Pivot Point S2 1.0915
Daily Pivot Point S3 1.0889
Daily Pivot Point R1 1.0975
Daily Pivot Point R2 1.1001
Daily Pivot Point R3 1.1018



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. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news

How do emotions affect trade?
Follow up our daily analysts guidance

Subscribe Today!    

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD slides under 1.16 as US Retail Sales smash estimates

EUR/USD is trading under 1.16 after US Retail Sales smashed estimates with 0.7% in September. Treasury yields are rising. The risk-on mood continues to underpin the pair, as the ECB policymaker Wunsch dismisses inflation concerns. 


GBP/USD retreats below 1.3750 after US data

GBP/USD has pared some of its gains after US Retail Sales beat estimates, with the core group hitting 0.8% last month. Earlier, investors shrugged off dovish comments from two BOE members. 


XAU/USD slumps to $1,770 area on upbeat US data, surging US bond yields

Gold started the last day of the week on the back foot and extended its slide to a fresh daily low of $1,770 in the early trading hours of the American session pressured by the dollar's resilience and surging US Treasury bond yields.

Gold News

Crypto bulls on winning streak pushing for more

Bitcoin price favors bulls reaching $60,000 by the end of this week and onwards to new all-time highs by the end of next week. Ethereum price broke a bearish top line and could hit new all-time highs by next week in tandem with Bitcoin. 

Read more

Why is Tesla going up?

Tesla's (TSLA) stock price has finally pushed higher in a series of steady and sure moves. We had nearly given up on our bullish call with Tesla stock as it kept struggling around the $800 level.

Read more