EUR/USD Technical Analysis: Euro ends November with a bounce near the 1.1000 handle


  • EUR/USD ends November with a failed bear breakout below the 1.1000 handle. 
  • The level to beat for bulls is the 1.1035 resistance in the medium term.
 

EUR/USD monthly chart

 
The Euro is ending November above the 1.1000 handle with the October’s range. The market is trading in a weak bear channel. 
 

EUR/USD weekly chart

 
The market is trading at six-week lows while trading below the main weekly SMAs. All-in-all maintaining an underlying bearish bias. 
 

EUR/USD daily chart

 
EUR/USD, on the daily time frame, is trading in a bear trend below the main daily simple moving averages (DMAs). However, the market is becoming increasingly choppy and a bounce from the 1.1000 handle appears more likely in the medium term. Resistances to the upside are seen at the 1.1035, 1.1047 and 1.1075 price levels, according to the Technical Confluences Indicator. 
  
 

Additional key levels

EUR/USD

Overview
Today last price 1.1017
Today Daily Change 0.0008
Today Daily Change % 0.07
Today daily open 1.1009
 
Trends
Daily SMA20 1.1049
Daily SMA50 1.1041
Daily SMA100 1.1078
Daily SMA200 1.1167
 
Levels
Previous Daily High 1.102
Previous Daily Low 1.0998
Previous Weekly High 1.1098
Previous Weekly Low 1.1014
Previous Monthly High 1.118
Previous Monthly Low 1.0879
Daily Fibonacci 38.2% 1.1011
Daily Fibonacci 61.8% 1.1006
Daily Pivot Point S1 1.0998
Daily Pivot Point S2 1.0987
Daily Pivot Point S3 1.0976
Daily Pivot Point R1 1.102
Daily Pivot Point R2 1.1031
Daily Pivot Point R3 1.1042

 

 

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