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EUR/USD Technical Analysis: Bears driving the market towards daily lows

EUR/USD daily chart

  • EUR/USD is trading in a bear trend below its 200-day simple moving average (SMA).

EUR/USD 4-hour chart

  • EUR/USD is trading above the main SMAs suggesting a bullish bias in the medium-term.

EUR/USD 30-minute chart

  • EUR/USD is trading below the 50 and 100 SMAs suggesting a correction down in the short-term.
  • The current break below 1.1300 should lead to 1.1280 and 1.1250 to the downside.
  • Key resistance is at 1.1330 followed by 1.1360 level.

Additional key levels

EUR/USD

Overview
Today last price1.1291
Today Daily Change-0.0013
Today Daily Change %-0.12
Today daily open1.1304
 
Trends
Daily SMA201.1273
Daily SMA501.1302
Daily SMA1001.135
Daily SMA2001.1447
Levels
Previous Daily High1.1322
Previous Daily Low1.1298
Previous Weekly High1.1326
Previous Weekly Low1.1213
Previous Monthly High1.1448
Previous Monthly Low1.1176
Daily Fibonacci 38.2%1.1307
Daily Fibonacci 61.8%1.1312
Daily Pivot Point S11.1293
Daily Pivot Point S21.1284
Daily Pivot Point S31.1269
Daily Pivot Point R11.1317
Daily Pivot Point R21.1331
Daily Pivot Point R31.1341

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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