Home EUR/USD technical analysis: Euro clings to daily gains into the London close
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EUR/USD technical analysis: Euro clings to daily gains into the London close

FX Street
Updated:
  • The US ISM Non-Manufacturing PMI dropped to 52.6 vs. 55 forecast and EUR/USD rose to the 1.1000 figure.
  • The level to beat for buyers is the 1.1000 handle followed by the 1.1030 price level.
 

EUR/USD daily chart

 
The common currency, on the daily chart, is trading in a bear trend below its main daily simple moving averages (DSMAs). EUR/USD is advancing as the US ISM Non-Manufacturing PMI dropped to 52.6 in September vs. 55 forecast.
 
 

EUR/USD four-hour chart

 
EUR/USD broke above the 1.0960 resistance and is now challenging the 1.1000 handle and the 100 SMA. A break above 1.1000 can lead to the 1.1030 resistance, according to the Technical Confluences Indicator.
 
 
 

EUR/USD 30-minute chart

 
 
EUR/USD is trading above its main SMAs, suggesting bullish momentum in the near term. Immediate support is seen at the 1.0985, 1.0974 and 1.0960 price levels, according to the Technical Confluences Indicator.  
 
 

Additional key levels

 

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