EUR/USD technical analysis: Euro droping below June lows, sub-1.1165 resistance

EUR/USD broke below the 1.1200 key support, triggering intesnse selling.
EUR/USD is challenging the June lows as the market pierced 1.1165 support.

Flavio Tosti Independent Analyst

EUR/USD daily chart

EUR/USD is in a bear trend below its main daily simple moving averages (DSMAs). The market broke below 1.1200 significant support.

EUR/USD 4-hour chart

Sellers broke 1.1165 support area. The break below the level could lead to 1.1100 and 1.1065 to the downside, according to the Technical Confluences Indicator.

EUR/USD 30-minute chart

EUR/USD is trading below its main SMAs suggesting bearish momentum in the near term. EUR/USD can find immediate resistance at 1.1165, 1.1174 and 1.1188 , according to the Technical Confluences Indicator.

Additional key levels

EUR/USD

Overview
Today last price	1.1148
Today Daily Change	-0.0063
Today Daily Change %	-0.56
Today daily open	1.1211

Trends
Daily SMA20	1.1272
Daily SMA50	1.1246
Daily SMA100	1.1248
Daily SMA200	1.1317

Levels
Previous Daily High	1.1226
Previous Daily Low	1.1206
Previous Weekly High	1.1286
Previous Weekly Low	1.12
Previous Monthly High	1.1414
Previous Monthly Low	1.116
Daily Fibonacci 38.2%	1.1214
Daily Fibonacci 61.8%	1.1218
Daily Pivot Point S1	1.1203
Daily Pivot Point S2	1.1195
Daily Pivot Point S3	1.1183
Daily Pivot Point R1	1.1222
Daily Pivot Point R2	1.1233
Daily Pivot Point R3	1.1241

Author

Flavio Tosti

Independent Analyst

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