EUR/USD technical analysis: Euro clings to daily highs into the London close

EUR/USD is trading within the range of the last two days.
The level to beat for bears is the 1.1016 support level.

Flavio Tosti Independent Analyst

EUR/USD daily chart

On the daily time-frame, the shared currency is trading in a bear trend below the main daily simple moving averages (DSMAs). The market has been in consolidation for three consecutive days.

EUR/USD four-hour chart

EUR/USD is challenging the 100 SMA on the 4-hour time-frame. Bulls are gaining some ground. However, they would need to surpass the 1.1073/1.1100 resistance zone on a daily closing basis in order to confirm a bullish reversal en route towards 1.1142, according to the Technical Confluences Indicator.

EUR/USD 30-minute chart

The Euro is trading at daily highs within the range of the last two days. A daily close below 1.1016 could be seen as a bearish sign. Further down support is seen at the 1.0965 price level.

Additional key levels

EUR/USD

Overview
Today last price	1.1056
Today Daily Change	0.0027
Today Daily Change %	0.24
Today daily open	1.1029

Trends
Daily SMA20	1.1078
Daily SMA50	1.1153
Daily SMA100	1.1191
Daily SMA200	1.1269

Levels
Previous Daily High	1.1057
Previous Daily Low	1.102
Previous Weekly High	1.1085
Previous Weekly Low	1.0926
Previous Monthly High	1.1251
Previous Monthly Low	1.0962
Daily Fibonacci 38.2%	1.1034
Daily Fibonacci 61.8%	1.1043
Daily Pivot Point S1	1.1014
Daily Pivot Point S2	1.0999
Daily Pivot Point S3	1.0977
Daily Pivot Point R1	1.1051
Daily Pivot Point R2	1.1073
Daily Pivot Point R3	1.1088

Author

Flavio Tosti

Independent Analyst

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