19 Aug 2019
EUR/USD technical analysis: Euro hovers below 1.1120 in quiet Monday trading
- EUR/USD is calm on the first day of the week
- The level to beat for bears are the 1.1096 and 1.1044 levels.
EUR/USD daily chart
On the daily time-frame, the single currency is trading in a bear trend below the main daily simple moving averages (DSMAs). The market is starting the week in a small range following last week decline.
EUR/USD 4-hour chart
The Euro is trading below 1.1120 resistance and its main SMAs, suggesting a bearish bias in the medium term. Bears need a break below 1.1096 to reach the 1.1044, 1.1027 and the 1.0970 level on the way down.
EUR/USD 30-minute chart
The market is trading below its a downward sloping 200 SMAs, suggesting a bearish bias in the near term. Immediate resistances are seen at the 1.1120 and 1.1136 levels, according to the Technical Confluences Indicator.
Additional key levels