Search ForexCrunch
  • EUR/USD is challenging a key support at 1.0940 near the 2019 low at 1.0926.
  • The next main support is at the 1.0890 price level.  

 

EUR/USD daily chart

 
EUR/USD, on the daily chart, is trading in a bear trend below its main daily simple moving averages (DSMAs). Political news in the United States are boosting USD.  

EUR/USD four-hour chart

 
The market is challenging the 1.0940 support level near the 2019 low at 1.0926. A break below 1.0940 can lead to a move down to the 1.0890 price level, according to the Technical Confluences Indicator.  
 

EUR/USD 30-minute chart

 
The market is trading below the main SMAs on the 30-minute chart suggesting a bearish bias in the near term. Resistance is at the 1.0966 resistance and the 1.1000 figure, according to the Technical Confluences Indicator.  
 

Additional key levels