Home EUR/USD Price Analysis: Euro on track to record the largest daily decline since June 2018
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EUR/USD Price Analysis: Euro on track to record the largest daily decline since June 2018

FX Street
Updated:
  • EUR/USD is pressuring the 1.0970 support level on broad-based USD demand.
  • EUR/USD is trading at two-week’s lows and on track to register its worst daily since June 2018.
 

EUR/USD daily chart 

 
EUR/USD is trading at its lowest in two weeks while trading below the main SMAs. DXY (US dollar index) shot to the upside while dragging EUR/USD down on track to its worst daily decline since June 2018. 
  

EUR/USD four-hour chart

 
EUR/USD is pressuring 1.0970 support while trading below the main SMAs. A break below the above-mentioned level should lead to further weakness towards the 1.0885 and 1.0850 levels. Resistance can be seen near 1.1016, 1.1073 and 1.1100 levels, according to the Technical Confluences Indicator.   
  
 
Resistance: 1.1016, 1.1073, 1.1100
Support: 1.0970, 1.0885, 1.0850
 
 

Additional key levels

 

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