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 price 1.1216
Today Daily Change 0.0006
Today Daily Change % 0.05
Today daily open 1.121
 
Trends
Daily SMA20 1.122
Daily SMA50 1.122
Daily SMA100 1.1271
Daily SMA200 1.1361
Levels
Previous Daily High 1.1291
Previous Daily Low 1.1202
Previous Weekly High 1.1344
Previous Weekly Low 1.1202
Previous Monthly High 1.1266
Previous Monthly Low 1.1107
Daily Fibonacci 38.2% 1.1236
Daily Fibonacci 61.8% 1.1257
Daily Pivot Point S1 1.1178
Daily Pivot Point S2 1.1146
Daily Pivot Point S3 1.109
Daily Pivot Point R1 1.1266
Daily Pivot Point R2 1.1322
Daily Pivot Point R3 1.1354

 

 

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