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EUR/USD technical analysis: Euro ends the week near monthly lows near the 1.1220 level

  • EUR/USD spent the week near monthly lows trading between 1.1200 and 1.1290.
  • The 1.1200 figure is an important level to break for bears. 


EUR/USD daily chart

 
EUR/USD is trading in a bear trend below the main daily simple moving averages (DSMAs). The market is about to end the trading week near monthly lows. 

EUR/USD 4-hour chart

 
EUR/USD is testing one more time the 1.1220 support while trading below the main SMAs. Bears want to break below this importnat level to reach 1.1200 and 1.1160, according to the Technical Confluences Indicator

EUR/USD 30-minute chart

 
EUR/USD is trading below its main SMAs suggesting bearish momentum in the near term. Immediate resistance can be seen at 1.1255 and 1.1290, according to the Technical Confluences Indicator.

 
Additional key levels


 

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