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25 Sep 2019
EUR/USD technical analysis: Euro trading near daily lows, sub-1.1000
- EUR/USD is challenging the Tuesday’s lows.
- The level to beat for bears is the 1.0966 support level.
EUR/USD daily chart
The shared currency, on the daily chart, is trading in a bear trend below its main daily simple moving averages (DSMAs). The market has been in a tight range throughout September.
EUR/USD four-hour chart
EUR/USD is trading below the main SMAs, suggesting bearish momentum in the medium term. The market broke below the 1.1000 level opening the doors for a drop to 1.0966 and 1.0940 near the 2019 low.
EUR/USD 30-minute chart
The market is trading below the main SMAs on the 30-minute chart suggesting bearish momentum in the near term. Resistance is seen at the 11.1023/35 resistance zone, according to the Technical Confluences Indicator.
Additional key levels