EUR/USD technical analysis: Fiber hugging 1.1120 after the London close

10/23/2019 16:15:54 GMT|ByFlavio Tosti

EUR/USD is trading near three-day lows as the Greenback is progressively recovering.
The Brexit uncertainties are weighing on the market mood and the Fiber.
The major macroeconomic news of the week is the European Central Bank (ECB) interest rate decision on Thursday.

EUR/USD daily chart

On the daily chart, the common currency is trading in a bear trend below its 100 and 200-day simple moving averages (DSMAs). Traders will be focusing on the key macroeconomic event of the week: the European Central Bank (ECB) interest rate decision on Thursday.

EUR/USD four-hour chart

The Euro, on the four-hour chart, is pulling back down from the October highs, trading below the 1.1140 level. As the market is softening, the retracement down could continue towards the 1.1090 and 1.1065 price levels, according to the Technical Confluences Indicator.

EUR/USD 30-minute chart

The Fiber is trading below its main SMAs on the 30-minute chart, suggesting a bearish bias in the near term. Resistance can be seen near 1.1140 and 1.1160 price levels, according to the Technical Confluences Indicator.

Additional key levels

EUR/USD

Overview
Today last price	1.1117
Today Daily Change	-0.0007
Today Daily Change %	-0.06
Today daily open	1.1124

Trends
Daily SMA20	1.1011
Daily SMA50	1.1036
Daily SMA100	1.1137
Daily SMA200	1.1208

Levels
Previous Daily High	1.116
Previous Daily Low	1.1118
Previous Weekly High	1.1063
Previous Weekly Low	1.0941
Previous Monthly High	1.111
Previous Monthly Low	1.0885
Daily Fibonacci 38.2%	1.1134
Daily Fibonacci 61.8%	1.1144
Daily Pivot Point S1	1.1108
Daily Pivot Point S2	1.1092
Daily Pivot Point S3	1.1067
Daily Pivot Point R1	1.115
Daily Pivot Point R2	1.1176
Daily Pivot Point R3	1.1192

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