19 Mar 2020
EUR/USD Price Analysis: Euro plummets to lowest since April 2017
- EUR/USD is under pressure trading in 37-month lows.
- The level to beat for bears is the 1.0852 support.
EUR/USD daily chart
EUR/USD broke the 2020 low formerly located at the 1.0777 level as the broad-based USD strength is relentless.
EUR/USD four-hour chart
The spot is pressuring the 1.0730 support while under heavy selling pressure below the main SMAs. Bears are looking for a break below the above-mentioned level which would introduce scope for an extension down to the 1.0670 and 1.0550 price levels according to the Technical Confluences Indicator.
Resistance: 1.0781, 1.0850, 1.0900
Support: 1.0730, 1.0670, 1.0550
Additional key levels