- EUR/USD is under selling pressure below the 1.1063 resistance.
- The level to beat for sellers is the 1.1035 support.
EUR/USD daily chart
EUR/USD is trading in a weak downtrend below the main simple moving averages (SMAs). Additionally, the spot is also breaking down from an ascending channel which started in October 2019. The bull flag from December 2019 failed. EUR/USD created a head-and-shoulders formation which is weighing on the euro and so is the ECB press conference.
EUR/USD four-hour chart
Additional key levels