EUR/USD Price Analysis: Euro slumps after reaching highest since August

EUR/USD is pulling back down sharply in the New York session.
Resistance is seen at the 1.1132, 1.1155 and 1.1178 price levels.

Flavio Tosti Independent Analyst

EUR/USD daily chart

After peaking at its highest since August, EUR/USD is reversing course while rejecting the 200-day simple moving average (DMA).

EUR/USD four-hour chart

The spot is reversing sharply to the downside while challenging the 1.1120 support level above the main SMAs. If the bears gather enough strength and break below this support, the market could decline towards the 1.1090, 1.1062 and 1.1027 price levels, according to the Technical Confluences Indicator.

EUR/USD 30-minute chart

The euro is trading below the 100 and 200 SMAs as the market is correcting down. Resistance is seen at the 1.1132, 1.1155 and 1.1178 price levels, according to the Technical Confluences Indicator.

Additional key levels

EUR/USD

Overview
Today last price	1.1124
Today Daily Change	-0.0008
Today Daily Change %	-0.07
Today daily open	1.1132

Trends
Daily SMA20	1.1063
Daily SMA50	1.1066
Daily SMA100	1.1066
Daily SMA200	1.1155

Levels
Previous Daily High	1.1154
Previous Daily Low	1.1103
Previous Weekly High	1.1116
Previous Weekly Low	1.1002
Previous Monthly High	1.1176
Previous Monthly Low	1.0981
Daily Fibonacci 38.2%	1.1123
Daily Fibonacci 61.8%	1.1135
Daily Pivot Point S1	1.1105
Daily Pivot Point S2	1.1078
Daily Pivot Point S3	1.1054
Daily Pivot Point R1	1.1157
Daily Pivot Point R2	1.1181
Daily Pivot Point R3	1.1208

Author

Flavio Tosti

Independent Analyst

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