EUR/USD Price Analysis: Euro trades in 8-day’s lows around 1.0800 handle

 

 

EUR/USD is under pressure below the 1.0900 figure while trading below the main DMA (daily simple moving average) as DXY (US dollar index) is consolidating gains this Monday.

 

 

EUR/USD is consolidating losses while trading above the 1.0800 handle and under its main SMAs on the four-hour chart suggesting negative momentum in the medium term as sellers are looking for a break below the 1.0776 level which could introduce scope for further EUR/USD weakness towards the 1.0720 and 1.0675 levels on the way down while resistance might be seen near the 1.0843, 1.0880 and 1.0915 levels, according to the Technical Confluences Indicator.