• EUR/USD retracement up challenges the 1.1060 resistance and the 100 SMA on the four-hour chart.
  • The next levels of resistance are seen near 1.1100 and 1.1163.

EUR/USD daily chart 

EUR/USD bounced sharply from the 2020 lows while challenging the main SMAs on the daily chart. This Friday the correction up seems to decelerate near the 200 SMA on the daily chart and below the 1.1100 figure.  
 

EUR/USD four-hour chart

EUR/USD bulls are maintaining the pressure unabated as the week is coming to an end. EUR/USD is trading above the 1.1000 psychological level and the 200 SMA on the four-hour chart. Above those levels, buyers should remain in control. However, a daily close below the 1.1000/1.0973 support zone can reignite the longer-term bearish trend with potential further weakness towards the 1.0904 level in the medium-term horizon, according to the Technical Confluences Indicator.

Resistance: 1.1065, 1.1100, 1.1160
Support: 1.1000, 1.0973, 1.0904

Additional key levels

EUR/USD

Overview
Today last price 1.1036
Today Daily Change 0.0005
Today Daily Change % 0.05
Today daily open 1.1031
 
Trends
Daily SMA20 1.1061
Daily SMA50 1.0999
Daily SMA100 1.1048
Daily SMA200 1.1083
 
Levels
Previous Daily High 1.1059
Previous Daily Low 1.087
Previous Weekly High 1.1237
Previous Weekly Low 1.0638
Previous Monthly High 1.1089
Previous Monthly Low 1.0778
Daily Fibonacci 38.2% 1.0987
Daily Fibonacci 61.8% 1.0942
Daily Pivot Point S1 1.0915
Daily Pivot Point S2 1.0798
Daily Pivot Point S3 1.0726
Daily Pivot Point R1 1.1103
Daily Pivot Point R2 1.1175
Daily Pivot Point R3 1.1291

 

 

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Feed news Join Telegram

Recommended content


Recommended content

Editors’ Picks

AUD/USD retreating from around 0.7000

AUD/USD retreating from around 0.7000

The AUD/USD pair hit 0.7008 before retreating, following US stocks’ behavior. Wall Street benefited from easing US government bond yields but ended the day mixed ahead of critical US data.

AUD/USD News

EURUSD bulls losing the battle around 1.0200

EURUSD bulls losing the battle around 1.0200

EUR/USD edged higher on Monday, but remains unable to clear the 1.0200 threshold, trading a handful of pips below the figure. The energy crisis in Europe and tensions with Russia undermined demand for the EUR.

EUR/USD News

Gold bulls looking to overcome the $1,800 barrier

Gold bulls looking to overcome the $1,800 barrier

Gold advanced on Monday, reaching an intraday high of $1,790.01 a troy ounce during the American afternoon, holding nearby. The greenback gave back the Nonfarm Payrolls report-inspired gains and eased on the back of retreating US government bond yields.

Gold News

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Are your bags packed for FOMO Season?

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Are your bags packed for FOMO Season?

The crypto market shows strength to start the second trading week of August, and key levels have been identified. Although it's still early market, current prices may be the ultimate discount in hindsight.

Read more

FXStreet Premium users exceed expectations

FXStreet Premium users exceed expectations

Tap into our 20 years Forex trading experience and get ahead of the markets. Maximize our actionable content, be part of our community, and chat with our experts. Join FXStreet Premium today!

BECOME PREMIUM

Forex MAJORS

Cryptocurrencies

Signatures