6 Jan 2020
EUR/USD Price Analysis: Euro rejecting 1.1200 handle in the New York session
- The euro is having a hard time to move beyond the 1.1200 handle
- Support is seen at the 1.1189 and 1.1154 price levels.
EUR/USD daily chart
The market is trying to break above the August 2019 highs while above the main daily simple moving averages.
EUR/USD four-hour chart
EUR/USD is continuing to have spikes in both directions as the market is rejecting the 1.1200 handle. A break below the 1.1189 support could lead to a move down to 1.1154 and 1.1100 handle. The market would assume a clear bullish bias on a daily break above the 1.1224/1.1248 resistance zone. Further up lie the 1.1283 resistance, according to the Technical Confluences Indicator.
Additional key levels