EUR/USD technical analysis: Euro rolling into the Asian session near weekly lows, sub-1.1144 level

  • EUR/USD broke below the critical 1.1160 support this Wednesday.
  • The level to beat for sellers is the 1.1136 support. 

EUR/USD daily chart

On the daily time-frame, the common currency is trading in a bear trend below its main daily simple moving averages (DSMAs). 

EUR/USD 4-hour chart

After six days of trading range, EUR/USD eventually broke below the 1.1160 support and the 100 SMA. The Euro reached the 1.1136 support, which is now the level to beat for bears. Looking down, the next supports are seen at the 1.1107, 1.1084 and 1.1061 levels.

EUR/USD 30-minute chart

Some profit-taking is making the market stall above the 1.1136 support. The bearish pressure remains and immediate resistances are seen at the 1.1144 and 1.1160 levels, according to the Technical Confluences Indicator

Additional key levels

Products You May Like

Articles You May Like

US stocks trade at session highs
Here are some of the best analyst calls of the week on Wall Street including PayPal, WWE
Attention Online Shoppers: DTC And E-Commerce Dominate Holidays
Canada: Employment plunging in November – NFB
Pound Rises as Election Outlook Improves – 04 December 2019 – 04 December 2019

Leave a Reply

Your email address will not be published. Required fields are marked *