Home EUR/USD technical analysis: Fiber enters the New York session below the 1.1090 level
FXStreet News

EUR/USD technical analysis: Fiber enters the New York session below the 1.1090 level

  • EUR/USD is on the defensive near 2-week lows.
  • The levels to beat for sellers are the 1.1067 and 1.1027 levels.  
 
 

EUR/USD daily chart

 
On the daily time-frame, the common currency is trading in a bear trend below the main daily simple moving averages (DSMAs). The market is under pressure at 2-week lows.

EUR/USD 4-hour chart

 
The Fiber is trading below 1.1090 resistance and its main SMAs, suggesting a bearish bias in the medium term. Bears need a break below 1.1067 (last week low) to reach 1.1027 and the 1.0970 level to the downside.

 

EUR/USD 30-minute chart

 
The market is trading below its main SMAs, suggesting a bearish bias in the near term. Immediate resistances are seen at the 1.1090, 1.1107 and 1.1132 levels, according to the Technical Confluences Indicator.  
 

   

Additional key levels

 

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.