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9 Jan 2020
EUR/USD Price Analysis: Euro bears nearing 1.1100 level in the New York session
- EUR/USD is under selling pressure below 1.1142/1.1129 price zone.
- The level to beat for bears is the 1.1094/1.1071 support zone.
EUR/USD daily chart
The market is pulling back down below the 200-day simple moving average (SMA) as the market is easing from the December 2019 highs.
EUR/USD four-hour chart
EUR/USD bears broke below the 1.1142/1.1129 price zone and are now challenging the 200 SMA on the four-hour chart. Bears will probably try to break below the 1.1094/1.1071 support zone. Further down lies the 1.1000 handle. Resistances are seen near the 1.1142/1.1129 price zone, 1.1160 and 1.1187 price level, according to the Technical Confluences Indicator.
Additional key levels