EUR/USD ??????? ? 1.1030
Forex News

Euro ends the week in the red, trades near 1.0800 figure

  • EUR/USD hits fresh April lows this Friday and hits 1.0727 level. 
  • EUR/USD gets a small bounce to 1.0800 figure at the end of the week. 

  

EUR/USD weekly chart 

 

Euro/Dollar is trading below the main weekly SMAs as the quote established fresh April lows at the 1.0727 level.

 

 

 

EUR/USD four-hour chart

 

EUR/USD is having a small reaction up while the spot remains below the main SMAs suggesting that the bear bias remains in place. Sellers should be trying to break below the 1.0800 figure to revisit the 1.0750 level en route towards the 1.0717 level. On the flip side, resistance can emerge near 1.0850 and 1.0900/25, according to the Technical Confluences Indicator. 

 

 

Resistance: 1.0850, 1.0900, 1.0925

Support: 1.0800, 1.0750, 1.0717

 

 

Additional key levels

 

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