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  • EUR/USD printed fresh 2019  lows this Thursday, reaching the 1.0908 price level.
  • The market is currently challenging the 1.0918 support.  

 

EUR/USD daily chart

 

The common currency, on the daily chart, is trading in a bear trend below the main daily simple moving averages (DSMAs). In the New York session on Thursday, the US Gross Domestic Product came in at 2% in line with the market expecations.

 

EUR/USD four-hour chart

 

The market is trying to break below the 1.0918 support near the 2019 low currently at 1.0908. A break below 1.0908 can open the gates to a move down to the 1.0890 price level, according to the Technical Confluences Indicator.  

 

EUR/USD 30-minute chart

 

EUR/USD is trading below the main SMAs, suggesting a bearish bias in the near term. Immediate resistance is seen at the 1.0940 and 1.0966 levels and the 1.1000 figure, according to the Technical Confluences Indicator.  

 

 

Additional key levels