EUR/USD New York Price Forecast: Euro sliding down, challenging 1.0900 handle

EUR/USD is retracing down from last week’s highs.
EUR/USD is nearing the 1.0900 handle on the way down.

Flavio Tosti Independent Analyst

EUR/USD daily chart

EUR/USD is retracing back down from last week’s highs as the quote is nearing the 1.0900 figure while trading below the main DMA (daily simple moving average) as DXY (US dollar index) is gaining steam.

EUR/USD four-hour chart

EUR/USD is sliding down, challenging the 1.0900 figure while trading below the main SMAs on the four-hour chart suggesting a bearish bias in the medium term. Sellers are looking for a break below the 1.0880 level which could introduce scope for further declines towards the 1.0840 and 1.08000 levels on the way down while resistance could emerge near the 1.0970, 1.1000 and 1.1050 levels, according to the Technical Confluences Indicator.

Resistance: 1.0970, 1.1000, 1.1050

Support: 1.0880, 1.0840, 1.0800

Additional key levels

EUR/USD

Overview
Today last price	1.0906
Today Daily Change	-0.0056
Today Daily Change %	-0.51
Today daily open	1.0962

Trends
Daily SMA20	1.1046
Daily SMA50	1.0995
Daily SMA100	1.1049
Daily SMA200	1.1077

Levels
Previous Daily High	1.1039
Previous Daily Low	1.0903
Previous Weekly High	1.1147
Previous Weekly Low	1.0636
Previous Monthly High	1.1497
Previous Monthly Low	1.0636
Daily Fibonacci 38.2%	1.0955
Daily Fibonacci 61.8%	1.0987
Daily Pivot Point S1	1.0897
Daily Pivot Point S2	1.0832
Daily Pivot Point S3	1.0761
Daily Pivot Point R1	1.1033
Daily Pivot Point R2	1.1104
Daily Pivot Point R3	1.1169

Author

Flavio Tosti

Independent Analyst

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