Home EUR/USD Price Analysis: Euro trades at six-day lows nearing 1.1000 handle
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EUR/USD Price Analysis: Euro trades at six-day lows nearing 1.1000 handle

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  • EUR/USD is under bearish pressure 1.1142/1.1129 price zone.
  • The next support is seen near the 1.1094 level. 
 

EUR/USD daily chart

 
The market is correcting below the 200-day simple moving average (SMA) as the market is easing from the December 2019 tops.
 

EUR/USD four-hour chart

 
EUR/USD broke below the 1.1142/1.1129 price zone and is nearing the 200 SMA on the four-hour chart. Bears will probably look for a continuation down towards the 1.1094 and 1.1071 price levels. Resistances are seen near the 1.1160 and 1.1187 price levels. The 1.1142/1.1129 price zone is turning resistance, according to the Technical Confluences Indicator. 
   

Additional key levels

 

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