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EUR/USD technical analysis: Euro collapses to 2-year lows, sub-1.1000 level

EUR/USD falls to 2-year lows as the Greenback strengthens across the board.
The level to beat for bears is the 1.1016 support followed by the 1.1039 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). EUR/USD just broke to its lowest since 2017.

EUR/USD 4-hour chart

The bearish pressure is unabated as the market reached 2-year lows. The market is challenging the 1.1016 support while the next level is 1.1039. If broken, the market could precipitate towards 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 1.1016, 1.1039 and 1.1056 levels, according to the Technical Confluences Indicator.

Additional key levels

EUR/USD

Overview
Today last price	1.0999
Today Daily Change	-0.0059
Today Daily Change %	-0.53
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

Author

Flavio Tosti

Independent Analyst

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