- EUR/USD is retracing up after disappointing US Data.
- The market broke above the 1.0935 resistance.
EUR/USD daily chart
On the daily chart, the shared currency is trading in a downtrend below its main daily simple moving averages (DSMAs). In the New York session, the Nondefense Capital Goods Orders Excluding Aircraft (August) in the United States, came in at -0.2 vs. 0% expected by analysts. On the other hand, the Core Personal Consumption Expenditure YoY came in line with expectations at 1.8% in August.
EUR/USD four-hour chart
The market broke above the 1.0935 resistance after the disappointing US Data. While the trend is bearish, it remains to be seen if the market can rise to the 1.0980 resistance this Friday.
EUR/USD 30-minute chart
EUR/USD is trading between the 100 and 200 SMAs, suggesting a neutral bias in the near term. Immediate resistance is seen at the 1.0940 and 1.0966 levels and the 1.1000 figure, according to the Technical Confluences Indicator.
Additional key levels
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