EUR/USD Price Analysis: Euro starts the week on the back foot, nearing 1.1000 handle

EUR/USD is retracing down from last week’s highs.
EUR/USD is trading sideways as investors are looking for directions.

Flavio Tosti Independent Analyst

EUR/USD daily chart

EUR/USD is retreating down from last week’s high as the spot is approaching the 1.1100 figure and the 50 DMA (daily simple moving average as DXY is picking up some steam.

EUR/USD four-hour chart

EUR/USD is consolidating last week’s bullish adance above the 1.1000 psychological level and the 200 SMA on the four-hour chart. Bulls could remain in control above the above-mentioned levels with another potential run to the 1.1090 and 1.1150 levels in the short-term. However a daily break below the 1.1000/1.0978 support zone could attract further selling interest, according to the Technical Confluences Indicator.

Resistance: 1.1034, 1.1090, 1.1150

Support: 1.0978, 1.0900, 1.0850

Additional key levels

EUR/USD

Overview
Today last price	1.1017
Today Daily Change	-0.0123
Today Daily Change %	-1.10
Today daily open	1.114

Trends
Daily SMA20	1.1066
Daily SMA50	1.1
Daily SMA100	1.1049
Daily SMA200	1.1082

Levels
Previous Daily High	1.1147
Previous Daily Low	1.0953
Previous Weekly High	1.1147
Previous Weekly Low	1.0636
Previous Monthly High	1.1089
Previous Monthly Low	1.0778
Daily Fibonacci 38.2%	1.1073
Daily Fibonacci 61.8%	1.1027
Daily Pivot Point S1	1.1013
Daily Pivot Point S2	1.0886
Daily Pivot Point S3	1.082
Daily Pivot Point R1	1.1207
Daily Pivot Point R2	1.1274
Daily Pivot Point R3	1.1401

Author

Flavio Tosti

Independent Analyst

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