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25 Sep 2019
EUR/USD technical analysis: Euro rolling into the Asian session above the 1.1000 figure
- EUR/USD is appreciating on the back of USD weakness.
- The market is challenging the 1.1023/35 resistance zone.
EUR/USD daily chart
On the daily chart, the common currency is trading in a bear trend below the main daily simple moving averages (DSMAs). The market is ending Tuesday near Monday’s highs.
EUR/USD four-hour chart
EUR/USD is trading below the main SMAs, suggesting a bearish bias in the medium term. However, the market is challenging the 1.1023/35 resistance zone. A break above it can lead to 1.1075 price level, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
The market is challenging the 200 SMA on the 30-minute chart. Support is at the 1.1000 level and the 1.0985 level, according to the Technical Confluences Indicator.
Additional key levels