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28 Aug 2019
EUR/USD technical analysis: Euro enters the New York session pressured near weekly lows
- EUR/USD is under pressure in the first part of the New York session.
- The level to beat for sellers is the 1.1080 support followed by the 1.1062 level.
EUR/USD daily chart
On the daily time-frame, the single currency is trading in a bear trend below the main daily simple moving averages (DSMAs). The market is down for the third day in a row.
EUR/USD 4-hour chart
The market is slowly drifting lower below its main SMAs. Bears likely intend to break 1.1080 support to drive the market down towards 1.1062 and 1.1033 levels, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
EUR/USD is near the daily lows under the main SMAs, suggesting a bearish momentum in the near term. Immediate resistance is seen at 1.1098, 1.1117 and 1.1137 levels, according to the Technical Confluences Indicator.
Additional key levels