EUR/USD technical analysis: Euro clings to weekly gains after the London close

The Greenback weakness is pushing EUR/USD to the 1.1160 level after the London close.
The level to beat for buyers is 1.1160, followed by the 1.1191 level.

Flavio Tosti Independent Analyst

EUR/USD daily chart

On the daily chart, the single currency is trading in a bear trend below the 200-day simple moving averages (DSMAs). However, this Friday, the Fiber broke above the 100 DSMA, today at 1.1138.

EUR/USD four-hour chart

The Euro is trading above the main SMAs, suggesting bullish momentum in the medium term. EUR/USD is clinging to October highs while trading above September highs. A breakout above 1.1160 resistance could open the gates to the 1.1191 resistances on the way up, 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. Support can be seen at the 1.1140 and 1.1110 price levels.

Additional key levels

EUR/USD

Overview
Today last price	1.1147
Today Daily Change	0.0023
Today Daily Change %	0.21
Today daily open	1.1124

Trends
Daily SMA20	1.099
Daily SMA50	1.1039
Daily SMA100	1.1139
Daily SMA200	1.1212

Levels
Previous Daily High	1.114
Previous Daily Low	1.1065
Previous Weekly High	1.1063
Previous Weekly Low	1.0941
Previous Monthly High	1.111
Previous Monthly Low	1.0885
Daily Fibonacci 38.2%	1.1112
Daily Fibonacci 61.8%	1.1094
Daily Pivot Point S1	1.1079
Daily Pivot Point S2	1.1034
Daily Pivot Point S3	1.1004
Daily Pivot Point R1	1.1154
Daily Pivot Point R2	1.1185
Daily Pivot Point R3	1.123

Author

Flavio Tosti

Independent Analyst

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