EUR/USD Price Analysis: Euro ends the week below 1.1039 resistance


  • EUR/USD stays under heavy bearish pressure below the 1.1039 resistance.
  • The downside move could reach the 1.0976 and 1.0953 levels.
 

EUR/USD daily chart 

 
EUR/USD is trading in a weak bear trend below its main simple moving averages (SMAs) as the market is breaking down through a bullish trendline which started in October 2019. EUR/USD formed a head-and-shoulders pattern which is driving the spot near two-month’s lows.
 

EUR/USD four-hour chart

 
The market is trading in a descending channel below its main SMAs as the bears broke below the 1.1039 support. The break below this level can lead to further downside towards the 1.1000 and 1.0976 and 1.0953 levels, according to the Technical Confluences Indicator
  

Additional key levels 

EUR/USD

Overview
Today last price 1.1028
Today Daily Change -0.0028
Today Daily Change % -0.25
Today daily open 1.1056
 
Trends
Daily SMA20 1.114
Daily SMA50 1.1104
Daily SMA100 1.1073
Daily SMA200 1.1133
 
Levels
Previous Daily High 1.1109
Previous Daily Low 1.1036
Previous Weekly High 1.1173
Previous Weekly Low 1.1086
Previous Monthly High 1.124
Previous Monthly Low 1.1002
Daily Fibonacci 38.2% 1.1064
Daily Fibonacci 61.8% 1.1081
Daily Pivot Point S1 1.1025
Daily Pivot Point S2 1.0994
Daily Pivot Point S3 1.0952
Daily Pivot Point R1 1.1098
Daily Pivot Point R2 1.114
Daily Pivot Point R3 1.1171

 

 

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