Home EUR/USD technical analysis: Euro remains vulnerable at multi-month lows, bears eyeing beyond 2019 low
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EUR/USD technical analysis: Euro remains vulnerable at multi-month lows, bears eyeing beyond 2019 low

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  • EUR/USD is under pressure near multi-month lows.  
  • The level to beat for bears are seen at 1.1101 and 1.066 price levels.
 

EUR/USD daily chart

 
EUR/USD is trading in a bear trend below its main daily simple moving averages (DSMAs).
 

EUR/USD 4-hour chart

 
EUR/USD is trading below the 1.1130 resistance and its main SMAs, suggesting bearish momentum in the medium term. The level to beat for bears is 1.1101 (2019 low) and 1.1066 on the way down, according to the Technical Confluences Indicator.  
 

EUR/USD 30-minute chart

 
The market is under pressure trading at daily lows. Immediate resistances are seen at the 1.1130, 1.1148 and 1.1164 level, according to the Technical Confluences Indicator.
 
 

Additional key levels

 

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