Euro pressuring 2-year lows below the 1.1000 handle

  


  • EUR/USD is under heavy selling pressure at 2-year lows. 
  • The level to beat for sellers is the 1.0961 support which can open the doors to 1.0887.

 

 

EUR/USD daily chart

 

On the daily time-frame, the shared currency is trading in a bear trend below the main daily simple moving averages (DSMAs). 

EUR/USD 4-hour chart

 

The market is under heavy bearish pressure near 2-year lows. EUR/USD is challenging the 1.0961 support. If broken, the market can drop towards 1.0915 and 1.0887, according to the Technical Confluences Indicator.
  

  

EUR/USD 30-minute chart

 

EUR/USD is trading below the main SMAs, suggesting a bearish momentum in the near term. Immediate resistances are seen at 1.0989, 1.1012, 1.1035 and 1.1074 levels, according to the Technical Confluences Indicator. 

Additional key levels

 



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