27 Aug 2019
EUR/USD technical analysis: Fiber rolling into the Asian session above the 1.1098 level
- EUR/USD erased parts of the Friday’s gains this Monday.
- Indecision can leave the market stuck in a range between 1.1098 and 1.1134 in the near term.
EUR/USD daily chart
On the daily time-frame, the common currency is trading in a bear trend below its main daily simple moving averages (DSMAs).
EUR/USD 4-hour chart
The Fiber is challenging the 1.1098 support and the 50 SMA. A break below this level can lead to a drop towards the 1.1080 level, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
EUR/USD is challenging the 200 SMA. If bulls step in, the bulls can drive the market towards 1.1115, 1.1220 and 1.1134 resistances.
Additional key levels