3 Oct 2019
EUR/USD technical analysis: Fiber challenges 1.0960 resistance ahead of ISM Non-Manufacturing PMI
- EUR/USD is clinging to weekly gains ahead of the release of the ISM Non-Manufacturing PMI in the United States.
- The level to beat for buyers is the 1.0960 resistance followed by 1.0985/1.1030 price level.
EUR/USD daily chart
The common currency, on the daily chart, is trading in a bear trend below its main daily simple moving averages (DSMAs). Market participants will monitor the ISM Non-Manufacturing PMI in September. The news is scheduled at 14:00 GMT.
EUR/USD four-hour chart
EUR/USD is challenging the 1.0960 resistance while holding above the 50 SMA, suggesting a correction to the upside in the medium term. A breakout above the 1.0960 level can lead initially to the 1.0985 level and then to the 1.1030 resistance, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
EUR/USD is trading above its main SMAs, suggesting bullish momentum in the near term. Immediate support is seen at the 1.0940 and 1.0908 levels, according to the Technical Confluences Indicator.
Additional key levels