EUR/USD technical analysis: Euro ends Wednesday near three-week lows, trading sub-1.1072 swing low


  • EUR/USD is under heavy bearish pressure at the end of the New York session.
  • The market is ending Wednesday below the 1.1072 swing low opening the gates to further losses ahead. 

 

EUR/USD daily chart

 
The Euro, on the daily chart, is trading in a bear trend below the 100 and 200-day simple moving averages (DMAs). This Wednesday the market consolidated Tuesday’s decline. 
 

EUR/USD four-hour chart

 
The Euro is trading below the 50 and 100 SMAs on the four-hour chart. The market is about to close Wednesday's New York session below the 1.1072 swing low which is seen as a rather bearish sign. Further losses can drive the market down towards the 1.1043, 1.1020 and 1.0997 price levels, according to the Technical Confluences Indicator. 
 

EUR/USD 30-minute chart

 
EUR/USD is trading at three-week lows below its main SMAs, suggesting a bearish momentum in the near term. The 1.1072 level can act as resistance as well as the 1.1089 level. Further up lie the 1.1129 and 1.1147 resistance levels, according to the Technical Confluences Indicator.
 

Additional key levels

EUR/USD

Overview
Today last price 1.1066
Today Daily Change -0.0006
Today Daily Change % -0.05
Today daily open 1.1072
 
Trends
Daily SMA20 1.1096
Daily SMA50 1.104
Daily SMA100 1.1123
Daily SMA200 1.1195
 
Levels
Previous Daily High 1.114
Previous Daily Low 1.1063
Previous Weekly High 1.1063
Previous Weekly Low 1.0941
Previous Monthly High 1.118
Previous Monthly Low 1.0879
Daily Fibonacci 38.2% 1.1093
Daily Fibonacci 61.8% 1.1111
Daily Pivot Point S1 1.1043
Daily Pivot Point S2 1.1015
Daily Pivot Point S3 1.0966
Daily Pivot Point R1 1.112
Daily Pivot Point R2 1.1169
Daily Pivot Point R3 1.1197

 

 

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