EUR/USD technical analysis: Euro down as New York session kicks in, bounces from the 1.1000 handle

EUR/USD is under pressure in the New York session trading at its lowest since last Friday.
The level to beat for bears is the 1.1000 handle.

Flavio Tosti Independent Analyst

EUR/USD daily chart

On the daily chart, the common currency is trading in a bear trend below its main simple moving averages (DSMAs). However, last week, the Fiber broke above a multi-week trendline. Earlier in the Europen session, the German Zew survey came better-than-expected at -22.8 vs -27 for October.

EUR/USD four-hour chart

The Euro is trading above the main SMAs, suggesting bullish momentum in the medium term. EUR/USD is consolidating last week’s gains above the 1.1000 figure and the 200 SMA. The 1.1025 resistance is the level to beat for bulls if they intend to reach the 1.1067 resistance on the way up, according to the Technical Confluences Indicator.

EUR/USD 30-minute chart

The Fiber is under pressure below its main SMAs. However, a daily close below the 1.1000 handle would be a stronger confirmation that the short term bias might have switched to bearish.

Additional key levels

EUR/USD

Overview
Today last price	1.1005
Today Daily Change	-0.0021
Today Daily Change %	-0.19
Today daily open	1.1026

Trends
Daily SMA20	1.0986
Daily SMA50	1.1046
Daily SMA100	1.1141
Daily SMA200	1.1219

Levels
Previous Daily High	1.1043
Previous Daily Low	1.1013
Previous Weekly High	1.1063
Previous Weekly Low	1.0941
Previous Monthly High	1.111
Previous Monthly Low	1.0885
Daily Fibonacci 38.2%	1.1024
Daily Fibonacci 61.8%	1.1031
Daily Pivot Point S1	1.1011
Daily Pivot Point S2	1.0997
Daily Pivot Point S3	1.0981
Daily Pivot Point R1	1.1042
Daily Pivot Point R2	1.1057
Daily Pivot Point R3	1.1072

Author

Flavio Tosti

Independent Analyst

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