EUR/USD technical analysis: Euro hovers below 1.1120 in quiet Monday trading

EUR/USD is calm on the first day of the week
The level to beat for bears are the 1.1096 and 1.1044 levels.

Flavio Tosti Independent Analyst

EUR/USD daily chart

On the daily time-frame, the single currency is trading in a bear trend below the main daily simple moving averages (DSMAs). The market is starting the week in a small range following last week decline.

EUR/USD 4-hour chart

The Euro is trading below 1.1120 resistance and its main SMAs, suggesting a bearish bias in the medium term. Bears need a break below 1.1096 to reach the 1.1044, 1.1027 and the 1.0970 level on the way down.

EUR/USD 30-minute chart

The market is trading below its a downward sloping 200 SMAs, suggesting a bearish bias in the near term. Immediate resistances are seen at the 1.1120 and 1.1136 levels, according to the Technical Confluences Indicator.

Additional key levels

EUR/USD

Overview
Today last price	1.11
Today Daily Change	0.0009
Today Daily Change %	0.08
Today daily open	1.1091

Trends
Daily SMA20	1.1153
Daily SMA50	1.1228
Daily SMA100	1.1221
Daily SMA200	1.1291

Levels
Previous Daily High	1.1114
Previous Daily Low	1.1066
Previous Weekly High	1.1232
Previous Weekly Low	1.1066
Previous Monthly High	1.1373
Previous Monthly Low	1.106
Daily Fibonacci 38.2%	1.1085
Daily Fibonacci 61.8%	1.1096
Daily Pivot Point S1	1.1066
Daily Pivot Point S2	1.1042
Daily Pivot Point S3	1.1018
Daily Pivot Point R1	1.1115
Daily Pivot Point R2	1.1139
Daily Pivot Point R3	1.1163

Author

Flavio Tosti

Independent Analyst

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