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8 Oct 2019
EUR/USD technical analysis: Euro nearing three-day lows near 1.0960 level
- EUR/USD is reversing the gains made at the start of the day.
- EUR/USD is challenging the current daily low and is nearing the 1.0960 support
EUR/USD daily chart
On the daily chart, the common currency is trading in a bear trend below its main daily simple moving averages (DSMAs).
EUR/USD four-hour chart
EUR/USD is trapped in the 1.0960-1.1000 range. The spot needs a break beyond the 1.1000 handle and the 100 SMA to advance towards the 1.1025/43 resistance zone, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
EUR/USD is trading below the 1.0975 resistance and the main SMAs, suggesting a bearish bias in the near term. Immediate resistance is seen at the 1.0975 and 1.1000 price levels, according to the Technical Confluences Indicator.
Additional key levels