26 Sep 2019
EUR/USD technical analysis: Euro easing from daily highs, trading near 1.0950 level
- EUR/USD is trading virtually unchanged in the New York session near 1.0935.
- In the London session, the market made a fresh 2019 low at 1.0922 by a few pips.
EUR/USD daily chart
The common currency, on the daily chart, is trading in a downtrend below its main daily simple moving averages (DSMAs). The US Gross Domestic Product came in at 2% as expected. USD weakened on the news allowing EUR/USD to bounce mildly from the 2019 lows.
EUR/USD four-hour chart
The market is hovering near the 2019 low above the 1.0940 support level. A break below 1.0940 could lead to the 1.0890 price level, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
The Euro/Dollar exchange rate is trading between the 50 and 100 SMA, suggesting a consolidation in the near term. If the market tries to break above the 1.0966 resistance it can expose the 1.1000 figure, according to the Technical Confluences Indicator.
Additional key levels