EUR/USD technical analysis: Euro easing from daily highs ahead of NFP on Friday


  • Market participants will pay close attention to the US Nonfarm Payrolls (NFP ) on Friday. 
  • The level to beat for buyers is the 1.1000 handle followed by the 1.1030 price level.
 

EUR/USD daily chart

 
The shared currency, on the daily chart, is trading in a bear trend below the main daily simple moving averages (DSMAs). Market participants will focus on the US Nonfarm Payrolls scheduled on Friday. 
 
 

EUR/USD four-hour chart

 
Since the start of October, the market has been rebounding from the 2019 lows. A break above the 1.1000 figure would expose the 1.1030 resistance, 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. Immediate support is seen at the 1.0960, 1.0945 and 1.0906 price levels, according to the Technical Confluences Indicator. 
 
 

Additional key levels

EUR/USD

Overview
Today last price 1.0964
Today Daily Change 0.0004
Today Daily Change % 0.04
Today daily open 1.096
 
Trends
Daily SMA20 1.1004
Daily SMA50 1.1069
Daily SMA100 1.1156
Daily SMA200 1.1236
 
Levels
Previous Daily High 1.0964
Previous Daily Low 1.0904
Previous Weekly High 1.1026
Previous Weekly Low 1.0905
Previous Monthly High 1.111
Previous Monthly Low 1.0885
Daily Fibonacci 38.2% 1.0941
Daily Fibonacci 61.8% 1.0927
Daily Pivot Point S1 1.0922
Daily Pivot Point S2 1.0883
Daily Pivot Point S3 1.0862
Daily Pivot Point R1 1.0981
Daily Pivot Point R2 1.1002
Daily Pivot Point R3 1.1041

 

 

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