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EUR/USD technical analysis: Euro drops to 2-week lows after NFP report, sub-1.1260

2019-07-05 23:20    OctaFX
  • The Euro is droppping below the 1.1260 support.
  • The next potential levels to watch to the downside can be 1.1217 and 1.1160.

Nonfarm Payrolls beats with 224K, EUR/USD drops

EUR/USD daily chart

EUR/USD is falling below 1.1250 and its main daily simple moving averages (DSMAs).

EUR/USD technical analysis: Euro drops to 2-week lows after NFP report, sub-1.1260 Currency News 1

EUR/USD 4-hour chart

Sellers broke below 1.1260 support and the 200 SMA. The market can continue to weaken towards 1.1217 and 1.1160, according to the Technical Confluences Indicator.

EUR/USD technical analysis: Euro drops to 2-week lows after NFP report, sub-1.1260 Currency News 2

EUR/USD 30-minute chart

The currency pair is nearing 1.1217 support. A break below this level can open the doors to more losses to 1.1160. Resistances can be seen near 1.1264 the 1.1288 levels, according to the Technical Confluences Indicator.

EUR/USD technical analysis: Euro drops to 2-week lows after NFP report, sub-1.1260 Currency News 3

Additional key levels

 

EURNFPTechnical Analysis

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