- EUR/USD registers its worst weekly decline in three months.
- Downside targets can be located near the 1.0912 and 1.0877 levels.
EUR/USD weekly chart
EUR/USD is trading below its main weekly simple moving averages (SMAs) suggesting a bearish bias in the long term. The euro had its worst weekly decline since November 2019.
EUR/USD daily chart
The euro is trading in a weak downtrend below the main simple moving averages (SMAs) as the spot is melting to levels not seen since October 2019. This Friday the Non-farm payrolls revealed that the US added 225K jobs vs. 160K forecast by analysts.
EUR/USD four-hour chart
Resistance: 1.0964, 1.0980, 1.1000
Support: 1.0930, 1.0912, 1.0877
Additional key levels