EUR/USD is under heavy bearish pressure while trading in 37-month lows. EUR/USD records its worst daily decline since June 2018 The level to beat for bears is the 1.0662 support. EUR/USD daily chart EUR/USD broke to fresh 2020 lows on exceptional USD demand as the spot is trading in 37-month lows. The euro recorded its worst daily decline against the dollar since June 2018. EUR/USD four-hour chart The spot is pressuring the 1.0662 support while under heavy bearish pressure below the main SMAs. Sellers are looking for a break below the above-mentioned level which could introduce scope for an extension down to the 1.0620 and 1.0540 price levels according to the Technical Confluences Indicator. Resistance is seen near the 1.0728, 1.0784 and 1.0850 price levels on the way up. Resistance: 1.0728, 1.0784, 1.0850 Support: 1.0662, 1.0620, 1.0540 Additional key levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Fed’s Daly: Our tools are starting to work in markets FX Street 2 years EUR/USD is under heavy bearish pressure while trading in 37-month lows. EUR/USD records its worst daily decline since June 2018 The level to beat for bears is the 1.0662 support. EUR/USD daily chart EUR/USD broke to fresh 2020 lows on exceptional USD demand as the spot is trading in 37-month lows. The euro recorded its worst daily decline against the dollar since June 2018. EUR/USD four-hour chart The spot is pressuring the 1.0662 support while under heavy bearish pressure below the main SMAs. Sellers are looking for a break below the above-mentioned level which could introduce… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
