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19 Sep 2019
EUR/USD technical analysis: Fiber stuck near weekly highs near 1.1070
- EUR/USD is pressuring the daily and weekly highs as the market is trading near the 1.1074 resistance.
- EUR/USD remains trapped in a two-week range looking for direction.
EUR/USD daily chart
The shared currency, on the daily chart, is trading in a bear trend below the main daily simple moving averages (DSMAs). The market has been in a range in the last two weeks.
EUR/USD four-hour chart
EUR/USD is trading between the 100 and 200 SMA, suggesting a ranging market in the medium term. The spot is challenging the 1.1074 resistance. A break above this level is necessary for bulls to reach 1.1120 and 1.1150 resistance to the upside, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
EUR/USD is hanging near the daily and weekly highs still trapped in a broader range. The market might remain stuck near those levels for the remainder of the New York session if contained below the 1.1074 resistance. Support on the way down is seen at the 1.1035, 1.1000 and 1.0965 price levels, according to the Technical Confluences Indicator.
Additional key levels