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  • EUR/USD is testing a key support at the 1.0940 level.  
  • The 2019 low is not far away, currently at the 1.0926 level.
  • Further down, the next main support is located at the 1.0890 price level.  

EUR/USD daily chart

EUR/USD, on the daily time frame, is trading in a bear trend below the main daily simple moving averages (DSMAs). Political news in the United States boosted the US Dollar this Wednesday.

EUR/USD four-hour chart

The market is hovering near the 1.0940 support level near the 2019 low, which is at the 1.0926 level. A break below 1.0940 can expose the 1.0890 price level, according to the Technical Confluences Indicator.  

EUR/USD 30-minute chart

The Euro/Dollar exchange rate is trading below the main SMAs on the 30-minute chart suggesting a negative bias in the near term. Resistance is located at the 1.0966 resistance and the 1.1000 figure, according to the Technical Confluences Indicator.  

Additional key levels