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  • EUR/USD is trading near daily lows following the release of the better-than-expected US Retail Sales data.
  • The level to beat for sellers is the 1.1136 support.  
 

EUR/USD daily chart

 
On the daily time-frame, the single currency is trading in a bear trend below its main daily simple moving averages (DSMAs). The US Retail sales came in better-than-expected, strengthening the USD.  

EUR/USD 4-hour chart

 
The Euro is challenging the 1.1136 support. A beak below the level would open the doors to further losses towards 1.1107, 1.1084 and 1.1061 levels.
 

EUR/USD 30-minute chart

 
The market is under bearish pressure at daily lows. Immediate resistances are seen at the 1.1144 and 1.1160 levels, according to the Technical Confluences Indicator.  
 
   

Additional key levels