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EUR/USD technical analysis: Euro about to end the day unchanged near 1.1220

  • EUR/USD is trading within Friday’s range starting the week very quietly.
  • The bear trend is intact below 1.1258 strong resistance according to the Technical Confluences Indicator.


EUR/USD daily chart


EUR/USD is in a bear trend below its 100 and 200-day simple moving average (DSMA). The market is challenging the 50 DSMA near 1.1219.


EUR/USD 4-hour chart


The market faded the bounce to the 1.1250 level and the 100 SMA. 

EUR/USD 30-minute chart


EUR/USD is about to end the day in the lower part of its daily range. Bears objective is to break 1.1200 support to potentially reach 1.1160 and 1.1120 to the downside. There is strong resistance at 1.1258, which is the convergence of the Pivot Point one-month Resistance 1, the Fibonacci 61.8% one-day, and the Fibonacci 38.2% one-week, according to the Technical Confluences Indicator.

Technical Confluences Indicator

Additional key levels

EUR/USD

Overview
Today last price1.1216
Today Daily Change0.0006
Today Daily Change %0.05
Today daily open1.121
 
Trends
Daily SMA201.122
Daily SMA501.122
Daily SMA1001.1271
Daily SMA2001.1361
Levels
Previous Daily High1.1291
Previous Daily Low1.1202
Previous Weekly High1.1344
Previous Weekly Low1.1202
Previous Monthly High1.1266
Previous Monthly Low1.1107
Daily Fibonacci 38.2%1.1236
Daily Fibonacci 61.8%1.1257
Daily Pivot Point S11.1178
Daily Pivot Point S21.1146
Daily Pivot Point S31.109
Daily Pivot Point R11.1266
Daily Pivot Point R21.1322
Daily Pivot Point R31.1354

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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