EUR/USD technical analysis: Euro off daily lows, regaining the 1.1080 level

08/28/2019 16:00:42 GMT|ByFlavio Tosti

EUR/USD is off the daily lows back above the 1.1080 level.
The level to beat for bears is the 1.1080 support followed by the 1.1062 level.

EUR/USD daily chart

On the daily time-frame, the common currency is trading in a bear trend below the main daily simple moving averages (DSMAs). The market is down for the third day in a row.

EUR/USD 4-hour chart

The market is drifting lower at a slow pace below the main SMAs. Bears want a daily close below 1.1080 support to drive the market down towards 1.1062 and 1.1033 levels, according to the Technical Confluences Indicator.

EUR/USD 30-minute chart

EUR/USD is off the daily lows under the main SMAs, suggesting a bearish momentum in the near term. Immediate resistance is seen at 1.1098, 1.1117 and 1.1137 levels, according to the Technical Confluences Indicator.

Additional key levels

GBP/USD

Overview
Today last price	1.2242
Today Daily Change	-0.0048
Today Daily Change %	-0.39
Today daily open	1.229

Trends
Daily SMA20	1.2148
Daily SMA50	1.2381
Daily SMA100	1.2613
Daily SMA200	1.2774

Levels
Previous Daily High	1.231
Previous Daily Low	1.2209
Previous Weekly High	1.2294
Previous Weekly Low	1.2064
Previous Monthly High	1.2706
Previous Monthly Low	1.2119
Daily Fibonacci 38.2%	1.2271
Daily Fibonacci 61.8%	1.2248
Daily Pivot Point S1	1.2229
Daily Pivot Point S2	1.2169
Daily Pivot Point S3	1.2128
Daily Pivot Point R1	1.233
Daily Pivot Point R2	1.2371
Daily Pivot Point R3	1.2431

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