13 Nov 2019
EUR/USD technical analysis: Euro rolling into the Asian session near one-month lows
- EUR/USD is entering the Asian session under heavy pressure, nearing the 1.1000 handle.
- The level to beat for bears is the 1.0995 support level.
EUR/USD daily chart
The Fiber, on the daily chart, is trading in a downtrend below its main daily simple moving averages (DMAs). The Fiber was week on the second day of the week.
EUR/USD four-hour chart
The market broke below the 1.1016 support level which can lead to an extension of the bearish move towards 1.0995, 1.0965 and 1.0920 support levels, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
EUR/USD is trading below its main SMAs, suggesting a bearish momentum in the near term. Resistance can be seen at the 1.1016, 1.1033, 1.1056 and 1.1079 price levels, according to the Technical Confluences Indicator.
Additional key levels