• EUR/USD bear trend remains, for now, intact as sellers remain in control near 34-month lows.
  • EUR/USD is ticking up after slightly disappointing Retail Sales data from the US.

EUR/USD weekly chart

EUR/USD broke down to levels not seen since April 2017. The market is trading below its main weekly simple moving averages (SMAs) suggesting a bearish bias in the long term.

EUR/USD daily chart

EUR/USD is trading in a weak bear trend below its main daily simple moving averages (SMAs) as the quote is under pressure near 34-month lows.

EUR/USD four-hour chart

The euro broke below the bear channel while trading well below the main SMAs on the four-hour chart. The spot remains under bearish pressure near 34-month lows as sellers want a breakdown below the 1.0826 support level. Further down lie the 1.0800 figure and 1.0756 price levels. Resistances are seen near the 1.0882, 1.0930 and 1.0984 levels, according to the Technical Confluences Indicator.

Resistance: 1.0882, 1.0930, 1.0984

Support: 1.0826, 1.0800, 1.0756

Additional key levels

  • NZD/USD is easing down after bouncing from 2020 lows.
  • Resistance is seen near the 0.6443 level.

NZD/USD daily chart

After bouncing from fresh 2020 lows, NZD/USD is easing below the 100 SMA. Bears want to extend losses below the 0.6423 level and route toward 0.6400 and 0.6370, according to the Technical Confluences Indicator. However, bulls will try to generate a reversal up breaking above the 0.6443 0.6470 and the 0.6500 figure.

Resistance: 0.6443, 0.6470, 0.6500

Support: 0.6423, 0.6400, 0.6370

Additional key levels