Home EUR/USD technical analysis: Euro trading below 1.0960 level after the London close
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EUR/USD technical analysis: Euro trading below 1.0960 level after the London close

FX Street
Updated:
  • EUR/USD is trading at three-day lows on USD strength.  
  • The level to beat for sellers is the 1.0940 support.  
 

EUR/USD daily chart

 
On the daily chart, the common currency is trading in a bear trend below its main daily simple moving averages (DSMAs). The Greenback is gaining some strength on the back of better market mood, sending EUR/USD to three-day lows.  

EUR/USD four-hour chart

 
EUR/USD broke below the 1.0960 level and the spot is now consolidating the recent losses just above the 50 SMA on the four-hour chart. A break below 1.0940 would expose the 1.0890 support level, according to the Technical Confluences Indicator.
 

 

EUR/USD 30-minute chart

 
 
EUR/USD is trading below the 1.0960 level and the main SMAs, suggesting a bearish bias in the near term. Immediate resistance is seen at the 1.0960/75 price levels and the 1.1000 handle, according to the Technical Confluences Indicator.  
 

Additional key levels

 

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