2 Sep 2019
EUR/USD technical analysis: Euro pressuring 2-year lows below the 1.1000 handle
- EUR/USD is under heavy selling pressure at 2-year lows.
- The level to beat for sellers is the 1.0961 support which can open the doors to 1.0887.
EUR/USD daily chart
On the daily time-frame, the shared currency is trading in a bear trend below the main daily simple moving averages (DSMAs).
EUR/USD 4-hour chart
The market is under heavy bearish pressure near 2-year lows. EUR/USD is challenging the 1.0961 support. If broken, the market can drop towards 1.0915 and 1.0887, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
EUR/USD is trading below the main SMAs, suggesting a bearish momentum in the near term. Immediate resistances are seen at 1.0989, 1.1012, 1.1035 and 1.1074 levels, according to the Technical Confluences Indicator.
Additional key levels