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  • EUR/USD starts the week within familiar ranges below the 1.1000 handle.
  • German Factory Orders declined by 0.6% monthly and 6.7% yearly in August.
 

EUR/USD daily chart

 
On the daily chart, the common currency is trading in a bear trend below the main daily simple moving averages (DSMAs). Earlier in the European session, the Factory Orders in Germany declined by 0.6% monthly and 6.7% yearly in August.

EUR/USD four-hour chart

 
The market is starting the week within the 1.0960 and 1.1000 range. A break above 1.1000 is needed for the spot to move up towards the 1.1025/43 resistances, according to the Technical Confluences Indicator.
 

 

EUR/USD 30-minute chart

 
 
EUR/USD is trading above the main SMAs, suggesting a bullish bias in the near term. Immediate support is seen at the 1.0975 and 1.0960/40 price levels. Further down lie the 1.10890 support, according to the Technical Confluences Indicator.  
 

Additional key levels