- EUR/USD is trading near the weekly lows in the New York session.
- The level to beat for bears is the 1.1047 support.
EUR/USD daily chart
The euro/dollar currency pair, on the daily chart, is trading in a downtrend below downward sloping 100 and 200-day simple moving averages (DMAs). This Friday, the market is trading at weekly lows in the New York session.
EUR/USD four-hour chart
The spot is trading below the 1.1075 resistance and the 100/200 SMAs on the four-hour time frame. The confirmation from the false bull breakout above 1.1075 would gain strength if the market closed below the 1.1047 level on a daily basis. The mains levels to watch on the way down are likely near 1.1014/1.1000 zone followed by 1.0968 and 1.0945 price levels, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
The euro is trading below the main SMAs, suggesting a bearish bias in the near term. The main resistances on the way up are the 1.1075 level followed by 1.1106 and the 1.1152 levels, according to the Technical Confluences Indicator. However, a break above the 1.1106 level on a daily basis would likely flip EUR/USD to bullish.
Additional key levels
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