EUR/USD technical analysis: Euro hovering near weekly lows, sub-1.1160 level

 |  14/08/2019 18:08
  • EUR/USD is trading at weekly lows below the critical 1.1160 level.
  • The level to beat for bears is the 1.1136 support. 
 

EUR/USD daily chart

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

 

EUR/USD 4-hour chart

 
After six days of consolidation, EUR/USD finally broke below the 1.1160 support and the 100 SMA. The market reached the 1.1136 support, which becomes the level to beat for bears. The next supports on the way down are seen at the 1.1107, 1.1084 and 1.1061 levels.
 

EUR/USD 30-minute chart

 
The market is under bearish pressure below its main SMAs. Immediate resistances are seen at the 1.1160 and 1.1200 levels, according to the Technical Confluences Indicator. 
 
  

Additional key levels

 

Share

Popular News

Show More Popular News

Market Insight's Views

Market Insight analyses will provide both fundamental and technical comprehensions on FX
and other asset classes for Market Insight viewers

RISK WARNING

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

If such information is acted upon by you then this should be solely at your discretion and GKFX will not be held accountable in any way.

  • ForexF
  • IndicesI
  • CommoditiesC
        Back

        Login to Market Insight Account

        Your Market Insight account gives you access to the tools that we offer our customers including our
        Technical Studies & Sentiment for your accounts.

        Forgot Password?

        Don't you have a Market Insight account? With a few easy steps you can easily register to Market Insight

        Create a Market Insight's Account

        Your Market Insight account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

        register_ty

        Thank you!

        Welcome to Market Insight family!

        You have succesfully completed the registration.
        We will send you an e-mail to give you some
        instructions and our Terms and Conditions!
        Our account representatives will be contacting you as
        soon as possible. If you have any further questions
        please do not hesitate to mail us via info@marketinsight.com