EUR/USD Price Analysis: Euro trading in 5-day’s lows near 1.0850 level

  • EUR/USD is pulling back down from last week’s highs.
  • EUR/USD broke below the 1.0900 figure as bears remain in control.

EUR/USD daily chart 

EUR/USD is easing down from last week’s highs as the spot broke below 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 trading down, challenging the 1.0839 support while trading below its main SMAs on the four-hour chart suggesting negative momentum in the medium term. Bears are looking for a break below the 1.0839 level which could introduce scope for further euro weakness towards the 1.0800 and 1.0760 levels on the way down while resistance might emerge near the 1.0884, 1.0900 and 1.0970 levels, according to the Technical Confluences Indicator. 
Resistance: 1.0884, 1.0900, 1.0970
Support: 1.0839, 1.0800, 1.0760

Additional key levels


Today last price 1.0845
Today Daily Change -0.0117
Today Daily Change % -1.07
Today daily open 1.0962
Daily SMA20 1.1046
Daily SMA50 1.0995
Daily SMA100 1.1049
Daily SMA200 1.1077
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



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