- EUR/USD is correcting higher while bouncing from 34-month lows.
- USD weakness is the main driver behind the current strength in the currency pair.
- The corrective move up is seen accelerating above 1.0883 resistance.
EUR/USD daily chart
EUR/USD is trading in a bear trend below the main daily simple moving averages (SMAs) as the spot is correcting up from 34-month lows. The spot is also challenging the 2019 low at the 1.0879 level.
EUR/USD four-hour chart
Resistance: 1.0883, 1.0923, 1.0985
Support: 1.0800, 1.0754 1.0660
Additional key levels