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13 Nov 2019
EUR/USD technical analysis: Euro stays under pressure during Fed’s Powell testimony
- EUR/USD is confined in a tight range during Fed’s Powell testimony.
- The level to beat for bears is the 1.0995 support level.
EUR/USD daily chart
The Fiber, on the daily chart, is trading in a downtrend below its main daily simple moving averages (DMAs). Fed’s chief, Jerome Powell, is currently testifying on the economy before a special Congressional commission.
EUR/USD four-hour chart
The spot remains under pressure below the 1.1016 level. The market is likely looking for an extension of the down move towards the 1.0995, 1.0965 and 1.0920 support levels, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
The Euro is trading in a tight range below its main SMAs. Resistance can be seen at the 1.1016, 1.1033, 1.1056 and 1.1079 price levels, according to the Technical Confluences Indicator.
Additional key levels