15 Aug 2019
EUR/USD technical analysis: Euro under pressure near daily lows as US Retail Sales beat expectations
- EUR/USD is trading near daily lows following the release of the better-than-expected US Retail Sales data.
- The level to beat for sellers 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). The US Retail sales came in better-than-expected, strengthening the USD.
EUR/USD 4-hour chart
The Euro is challenging the 1.1136 support. A beak below the level would open the doors to further losses towards 1.1107, 1.1084 and 1.1061 levels.
EUR/USD 30-minute chart
The market is under bearish pressure at daily lows. Immediate resistances are seen at the 1.1144 and 1.1160 levels, according to the Technical Confluences Indicator.
Additional key levels