EUR/USD: Additional declines on a break below 1.0925

EUR/USD is at risk of resuming its slide on a break below 1.0925. Valeria Bednarik, a Chief Analyst at FXStreet, takes a look at the currency pair technical outlook.

Key quotes

“The EUR/USD 4-hour chart shows that it has fallen below all of its moving averages, while technical indicators head firmly south within negative levels, favouring additional declines, mainly on a break below 1.0926, the daily low.”

“Support levels: 1.0925 1.0880 Resistance levels: 1.1010 1.1060”