EUR/USD drops sharply to fresh 2019 lows following the cut from the Federal Reserve. The level to beat for bears are seen at the 1.1064, 1.1030 and 1.007 levels. EUR/USD daily chart EUR/USD is in a bear trend below its main daily simple moving averages (DSMAs). The Federal Reserve cut 25 bps as market participants widely expected it. The market fell sharply on the news. EUR/USD 4-hour chart EUR/USD is trading below its major SMAs, suggesting a bearish bias in the medium term. The market reached 1.1060, its lowest point in 2019. Sellers want to break below this level to travel south towards 1.1030 and 1.1007, according to the Technical Confluences Indicator. EUR/USD 30-minute chart EUR/USD is steeply down below its SMAs, suggesting bearish momentum in the short term. Immediate resistances are located at 1.1080, 1.1100 and 1.1117 according to the Technical Confluences Indicator. Additional key levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin physical futures trading launched by LedgerX FX Street 4 years EUR/USD drops sharply to fresh 2019 lows following the cut from the Federal Reserve. The level to beat for bears are seen at the 1.1064, 1.1030 and 1.007 levels. EUR/USD daily chart EUR/USD is in a bear trend below its main daily simple moving averages (DSMAs). The Federal Reserve cut 25 bps as market participants widely expected it. The market fell sharply on the news. EUR/USD 4-hour chart EUR/USD is trading below its major SMAs, suggesting a bearish bias in the medium term. The market reached 1.1060, its lowest point in 2019. Sellers want to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
