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28 Aug 2019
EUR/USD technical analysis: Euro off daily lows, regaining the 1.1080 level
- EUR/USD is off the daily lows back above the 1.1080 level.
- The level to beat for bears is the 1.1080 support followed by the 1.1062 level.
EUR/USD daily chart
On the daily time-frame, the common currency is trading in a bear trend below the main daily simple moving averages (DSMAs). The market is down for the third day in a row.
EUR/USD 4-hour chart
The market is drifting lower at a slow pace below the main SMAs. Bears want a daily close below 1.1080 support to drive the market down towards 1.1062 and 1.1033 levels, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
EUR/USD is off the daily lows under the main SMAs, suggesting a bearish momentum in the near term. Immediate resistance is seen at 1.1098, 1.1117 and 1.1137 levels, according to the Technical Confluences Indicator.
Additional key levels