Get started
OctaFX_Official

EURUSD still under downward pressure

Euro / U.S. Dollar (FX:EURUSD)  
OctaFX_Official  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators EURUSD euro dollar octafx support Support and Resistance Relative Strength Index (RSI)
1
0
trendanalysis chartpattern indicator eurusd euro dollar octafx support supportandresistance relativestrengthindex
The euro remains under downside pressure against the US dollar on Friday, with pair trading close to the worst levels of the week so far. The EURUSD pair has so far found interim support from the 1.1320 level, a further break below the current weekly low should prompt a test of the 1.1300 support level. Technical indicators remained depressed on the four-hour time frame and show few signs of a bullish reversal at this stage.

The EURUSD pair is bearish while trading below the 1.1360 level, key technical support is found at the 1.1320 and 1.1300 levels.

If the EURUSD pair moves trades the 1.1360 level, buyers may test towards the 1.1390 and 1.1410 resistance levels.

Related Ideas

OctaFX_Official
EURUSD indicators rising
OctaFX_Official
EURUSD heavily bearish below 1.1300
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.