EUR/USD technical analysis: Euro clings to daily gains above 1.0926 level

EUR/USD is rolling into the Asian session near daily highs.
The level to beat for bulls is the 1.0940 resistance.

Flavio Tosti Independent Analyst

EUR/USD daily chart

The shared currency, on the daily chart, is trading in a bear trend below its main daily simple moving averages (DSMAs). This Tuesday, the ISM Manufacturing PMI dropped to 10-year low at 47.8 vs. 50.1 expected in September.

EUR/USD four-hour chart

EUR/USD is trading below the main SMAs, suggesting a bearish bias in the medium term. However, a break of 1.0940 can expose the 1.0975 resistance, according to the Technical Confluences Indicator.

EUR/USD 30-minute chart

EUR/USD is trading above the main SMAs, suggesting bullish momentum in the near term. Immediate support is seen at the 1.0926 level followed by 1.0910 and 1.0890 level, according to the Technical Confluences Indicator.

Additional key levels

EUR/USD

Overview
Today last price	1.0931
Today Daily Change	0.0032
Today Daily Change %	0.29
Today daily open	1.0899

Trends
Daily SMA20	1.101
Daily SMA50	1.1076
Daily SMA100	1.1161
Daily SMA200	1.1241

Levels
Previous Daily High	1.0948
Previous Daily Low	1.0885
Previous Weekly High	1.1026
Previous Weekly Low	1.0905
Previous Monthly High	1.111
Previous Monthly Low	1.0885
Daily Fibonacci 38.2%	1.0909
Daily Fibonacci 61.8%	1.0924
Daily Pivot Point S1	1.0874
Daily Pivot Point S2	1.0849
Daily Pivot Point S3	1.0812
Daily Pivot Point R1	1.0936
Daily Pivot Point R2	1.0973
Daily Pivot Point R3	1.0999

Author

Flavio Tosti

Independent Analyst

EUR/USD looks weak below 1.1800

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GBP/USD threatens the 200-day SMA near 1.3440

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