EUR/USD technical analysis: Euro eases from daily highs, bears challenge 1.1370 support

EUR/USD has been consolidating all week.
The level to beat for bears is the 1.1370 support.

Flavio Tosti Independent Analyst

EUR/USD daily chart

EUR/USD is dwelling above its main daily simple moving averages (DSMAs) suggesting that the bear trend might be at risk. The market has been in consolidation mode throughout the all week.

EUR/USD 4-hour chart

The market is constrained in a tight range between 1.1348 and 1.1400 figure. If bears break 1.1370, the next support can be seen at 1.1348 and 1.1305, according to the Technical Confluences Indicator.

EUR/USD 30-minute chart

EUR/USD rejected 1.1400 resistance suggesting a potential pullback down in the short term, especially if sellers break 1.1370 support. Resistances are at the 1.1400 figure and 1.1419 level.

Additional key levels

EUR/USD

Overview
Today last price	1.1376
Today Daily Change	0.0007
Today Daily Change %	0.06
Today daily open	1.1369

Trends
Daily SMA20	1.1286
Daily SMA50	1.1227
Daily SMA100	1.1261
Daily SMA200	1.1345

Levels
Previous Daily High	1.1382
Previous Daily Low	1.1348
Previous Weekly High	1.1378
Previous Weekly Low	1.1181
Previous Monthly High	1.1266
Previous Monthly Low	1.1107
Daily Fibonacci 38.2%	1.1369
Daily Fibonacci 61.8%	1.1361
Daily Pivot Point S1	1.135
Daily Pivot Point S2	1.1331
Daily Pivot Point S3	1.1315
Daily Pivot Point R1	1.1385
Daily Pivot Point R2	1.1401
Daily Pivot Point R3	1.142

Author

Flavio Tosti

Independent Analyst

EUR/USD holds steady above 1.1850 in quiet session

EUR/USD stays defensive but holds 1.1850 amid quiet markets in the European hours on Monday. The US Dollar is struggling for direction due to thin liquidity conditions as US markets are closed in observance of Presidents' Day holiday.

GBP/USD flat lines near 1.3650 ahead of UK and US data

GBP/USD kicks off a new week on a subdued note and oscillates in a narrow range near 1.3650 on Monday. The mixed fundamental backdrop warrants some caution for aggressive traders as the market focus now shifts to this week's important data releases from the UK and the US.

Gold corrects lower, tries to stabilize above $5,000

Gold started the week under bearish pressure and declined to the $4,960 area before staging a modest rebound. As trading volumes remain thin with the US financial markets remaining closed on Presidents' Day holiday, XAU/USD looks to stabilize above $5,000 ahead of this week's key data releases.

Bitcoin consolidates as on-chain data show mixed signals

Bitcoin price has consolidated between $65,700 and $72,000 over the past nine days, with no clear directional bias. US-listed spot ETFs recorded a $359.91 million weekly outflow, marking the fourth consecutive week of withdrawals.

The week ahead: Key inflation readings and why the AI trade could be overdone

It is likely to be a quiet start to the week, with US markets closed on Monday for Presidents Day. European markets are higher across the board and gold is clinging to the $5,000 level after the tamer than expected CPI report in the US reduced haven flows to precious metals.

Monero Price Forecast: XMR risks a drop below $300 under mounting bearish pressure

Monero (XMR) starts the week under pressure, recording a 4% decline at press time on Monday after a 7% drop the previous day, putting the $300 support zone in focus.