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  • EUR/USD was up this Friday as data in the US came below forecast.
  • The level to beat for sellers is the 1.0935/1.0914 support zone.

EUR/USD daily chart

The shared currency, on the daily chart, is trading in a bear trend below its main daily simple moving averages (DSMAs). This Friday, the Nondefense Capital Goods Orders Excluding Aircraft (August) in the United States, came in below forecast at -0.2 vs. 0% while the Core Personal Consumption Expenditure YoY matched expecations at 1.8% in August.  

EUR/USD four-hour chart

EUR/USD is trading below its main SMAs suggesting a bearish bias in the near term. The market broke above the 1.0935 resistance after disappointing data in the United States. Next week the market will likely try to break below the 1.0935 level opening the doors for a retest of 1.0914 and potentially a drop to the 1.0890 level, according to the Technical Confluences Indicator.  

EUR/USD 30-minute chart

EUR/USD is trading between the 100 and 200 SMAs, suggesting a consolidation in the near term. It will be interesting to see if the market can surpass the 1.0935/1.0914 support zone next week. The level to beat for buyers is the 1.0980 followed by 1.1014/1.1030 resistance zone, according to the Technical Confluences Indicator.  

Additional key levels