EUR/USD technical analysis: Fiber enters the Asian session near one-month highs

10/16/2019 21:24:53 GMT|ByFlavio Tosti

EUR/USD is trading above 1.1069 as the New York session comes to an end.
On Wednesday, the Retail Sales Control Group in the United States came out below expectations at 0% vs. 0.3% in September, adding to the negative sentiment on the Greenback.
The Euro is trading at levels not seen since mid-September.

EUR/USD daily chart

On the daily chart, the common currency is trading in a downtrend below the 100 and 200-day simple moving averages (DSMAs). The Fiber is trading at levels not seen since mid-September. Moreover, the Retail Sales Control Group in the United States came out below expectations at 0% vs. 0.3% for September, reinforcing the negative sentiment on the Greenback.

EUR/USD four-hour chart

The Fiber is trading above its main SMAs, suggesting bullish momentum in the medium term. EUR/USD ended Wednesday above the 1.1069 resistance, which can lead to further gains towards the 1.1100 level, according to the Technical Confluences Indicator.

EUR/USD 30-minute chart

EUR/USD is trading above its main SMAs, suggesting bullish momentum in the near term. Support can be seen at 1.069, 1.1046 and 1.1020 price levels.

Additional key levels

EUR/USD

Overview
Today last price	1.1073
Today Daily Change	0.0039
Today Daily Change %	0.35
Today daily open	1.1034

Trends
Daily SMA20	1.0984
Daily SMA50	1.1043
Daily SMA100	1.114
Daily SMA200	1.1217

Levels
Previous Daily High	1.1046
Previous Daily Low	1.0991
Previous Weekly High	1.1063
Previous Weekly Low	1.0941
Previous Monthly High	1.111
Previous Monthly Low	1.0885
Daily Fibonacci 38.2%	1.1025
Daily Fibonacci 61.8%	1.1012
Daily Pivot Point S1	1.1002
Daily Pivot Point S2	1.0969
Daily Pivot Point S3	1.0947
Daily Pivot Point R1	1.1057
Daily Pivot Point R2	1.1079
Daily Pivot Point R3	1.1111

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