- EUR / USD ended the week on the back foot thanks to the general strength of the USD.
- EUR / USD is expected to fall as the rating remains low.
EUR / USD weekly chart
The Euro / Dollar is trading in a downtrend below the main weekly SMAs in the weekly chart suggesting an overall downtrend. This week, EUR / USD ended the week in the red near the 1.0800 figure.
Four-hour EUR / USD chart
EUR / USD is trading below its main SMAs on the four-hour chart just above the 1.0800 figure while sellers remain in control. As the rating is weak, the EUR / USD could continue to slide towards lower levels. Conversely, resistance may emerge near levels 1.0818, 1.0852 and 1.0879.
Resistance: 1.0818, 1.0852, 1.0879
Support: 1.0800, 1.0780, 1.0750