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25 Sep 2019
EUR/USD technical analysis: Euro under pressure challenging the 2019 low
- EUR/USD is challenging a key support at 1.0940 near the 2019 low at 1.0926.
- The next main support is at the 1.0890 price level.
EUR/USD daily chart
EUR/USD, on the daily chart, is trading in a bear trend below its main daily simple moving averages (DSMAs). Political news in the United States are boosting USD.
EUR/USD four-hour chart
The market is challenging the 1.0940 support level near the 2019 low at 1.0926. A break below 1.0940 can lead to a move down to the 1.0890 price level, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
The market is trading below the main SMAs on the 30-minute chart suggesting a bearish bias in the near term. Resistance is at the 1.0966 resistance and the 1.1000 figure, according to the Technical Confluences Indicator.
Additional key levels