EUR/USD technical analysis: Fiber eases from daily high, trades below 1.1050 into the London close

09/19/2019 16:21:05 GMT|ByFlavio Tosti

EUR/USD is erasing most of the gains made earlier in the London session.
EUR/USD is trapped in a two-week range looking for a directional bias.

EUR/USD daily chart

The common currency, on the daily chart, is trading in a bear trend below its main daily simple moving averages (DSMAs). The Euro has been in a trading range over the last two weeks.

EUR/USD four-hour chart

EUR/USD is trading between the 100 and 200 SMA, suggesting a ranging market in the medium term. The spot is nearing the 1.1035 support. A break below this level is necessary for bears to reach 1.1000 and 1.0965 on the way down, according to the Technical Confluences Indicator.

EUR/USD 30-minute chart

EUR/USD is erasing parts of the gains made earlier in the day. Resistance is seen at the 1.1074 and 1.1120 levels, according to the Technical Confluences Indicator.

Additional key levels

EUR/USD

Overview
Today last price	1.1041
Today Daily Change	0.0012
Today Daily Change %	0.11
Today daily open	1.1029

Trends
Daily SMA20	1.1047
Daily SMA50	1.1119
Daily SMA100	1.118
Daily SMA200	1.1256

Levels
Previous Daily High	1.1075
Previous Daily Low	1.1014
Previous Weekly High	1.111
Previous Weekly Low	1.0927
Previous Monthly High	1.1251
Previous Monthly Low	1.0962
Daily Fibonacci 38.2%	1.1037
Daily Fibonacci 61.8%	1.1051
Daily Pivot Point S1	1.1004
Daily Pivot Point S2	1.0978
Daily Pivot Point S3	1.0943
Daily Pivot Point R1	1.1065
Daily Pivot Point R2	1.11
Daily Pivot Point R3	1.1126

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