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

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  • 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

 

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