EUR/USD technical analysis: Fiber eases from daily high, trades below 1.1050 into the London close

 |  19/09/2019 17:21
  • EUR/USD is erasing most of the gains made earlier in the London session. 
  • EUR/USD is trapped in a two-week range looking for a directional bias.

EUR/USD daily chart

 
The common currency, on the daily chart, is trading in a bear trend below its main daily simple moving averages (DSMAs). The Euro has been in a trading range over 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 nearing the 1.1035 support. A break below this level is necessary for bears to reach 1.1000 and 1.0965 on the way down, according to the Technical Confluences Indicator. 
 
  
  

EUR/USD 30-minute chart

 
EUR/USD is erasing parts of the gains made earlier in the day. Resistance is seen at the 1.1074 and 1.1120 levels, according to the Technical Confluences Indicator.

Additional key levels

 

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