Home EUR/USD technical analysis: Fiber spikes down to 1.1020 in the New York session
FXStreet News

EUR/USD technical analysis: Fiber spikes down to 1.1020 in the New York session

FX Street
Updated:
  • EUR/USD is trading at daily lows near 1.1025.
  • Support can be at 1.1000 and 1.0965 price levels.
 

EUR/USD daily chart

 
The common currency, on the daily chart, is trading in a bear trend below its main daily simple moving averages (DSMAs). The Fiber has been in a range in the last two weeks as market players are waiting for a catalyst.

EUR/USD four-hour chart

 
EUR/USD broke below the 1.1045 support and the main SMAs, suggesting a bearish bias in the medium term. The Euro has room to the downside to trade towards 1.1000 and 1.0965 support, according to the Technical Confluences Indicator.  
 
   
   

EUR/USD 30-minute chart

 
EUR/USD is dropping fast in the New York session but remains within the weekly range. Resistances are seen at the 1.1045 and 1.1074 price 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.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2024