- EUR/USD is ending Monday marginally lower below the 1.1000 handle.
- Earlier in Europe, the Factory Orders in Germany declined by 0.6% monthly and 6.7% yearly in August.
- After the London close, the Greenback appreciated on the back of positive news from the US-China trade war.
EUR/USD daily chart
On the daily chart, the shared currency is trading in a downtrend below its main daily simple moving averages (DSMAs). Earlier, in Europe, the Factory Orders in Germany declined by 0.6% monthly and 6.7% yearly in August. After the London close, positive trade war news lifted the Greenback, sending EUR/USD marginally lower.
EUR/USD four-hour chart
EUR/USD is confined in the 1.0960-1.1000 range. The market would need a break above the 1.1000 handle and the 100 SMA to trade towards the 1.1025/43 resistances, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
EUR/USD is trading between the 100 and 200 SMAs, suggesting a consolidation down in the near term. Immediate resistance is seen at the 1.0975 and 1.1000 price levels, according to the Technical Confluences Indicator.
Additional key levels
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