EUR/USD technical analysis: Euro at the edge of a deeper cliff


  • EUR/USD fell to 2-year lows as the Greenback strengthened across the board this Friday.
  • The level to beat for sellers is the 1.0961 support which can open the doors to 1.0870.
 
 

EUR/USD daily chart

 
On the daily time-frame, the common currency is trading in a bear trend below the main daily simple moving averages (DSMAs). This Friday, EUR/USD broke to its lowest level since May 2017. 

EUR/USD 4-hour chart

 
The market is under bearish pressure below its main SMAs. EUR/USD found some support at 1.0961. If this support is broken, there is little in the way to 1.0870, according to the Technical Confluences Indicator.
  
  

EUR/USD 30-minute chart

 
EUR/USD is trading below the main SMAs, suggesting a bearish momentum in the near term. Immediate resistances are seen at 1.0996, 1.1019, 1.1030 and 1.1064 levels, according to the Technical Confluences Indicator. 

Additional key levels

EUR/USD

Overview
Today last price 1.0992
Today Daily Change -0.0066
Today Daily Change % -0.60
Today daily open 1.1058
 
Trends
Daily SMA20 1.1131
Daily SMA50 1.1197
Daily SMA100 1.1207
Daily SMA200 1.1279
Levels
Previous Daily High 1.1094
Previous Daily Low 1.1042
Previous Weekly High 1.1154
Previous Weekly Low 1.1052
Previous Monthly High 1.1373
Previous Monthly Low 1.106
Daily Fibonacci 38.2% 1.1062
Daily Fibonacci 61.8% 1.1074
Daily Pivot Point S1 1.1035
Daily Pivot Point S2 1.1013
Daily Pivot Point S3 1.0984
Daily Pivot Point R1 1.1087
Daily Pivot Point R2 1.1116
Daily Pivot Point R3 1.1138

 

 

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