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8 Oct 2019
EUR/USD technical analysis: Euro trading below 1.0960 level after the London close
- EUR/USD is trading at three-day lows on USD strength.
- The level to beat for sellers is the 1.0940 support.
EUR/USD daily chart
On the daily chart, the common currency is trading in a bear trend below its main daily simple moving averages (DSMAs). The Greenback is gaining some strength on the back of better market mood, sending EUR/USD to three-day lows.
EUR/USD four-hour chart
EUR/USD broke below the 1.0960 level and the spot is now consolidating the recent losses just above the 50 SMA on the four-hour chart. A break below 1.0940 would expose the 1.0890 support level, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
EUR/USD is trading below the 1.0960 level and the main SMAs, suggesting a bearish bias in the near term. Immediate resistance is seen at the 1.0960/75 price levels and the 1.1000 handle, according to the Technical Confluences Indicator.
Additional key levels