EUR/USD technical analysis: Euro is ending the week in the red against the Greenback, sub-1.1100 level


  • EUR/USD lost some considerable ground this week.
  • The level to beat for bears is the 1.1074 support. 
 
 

EUR/USD daily chart

 
On the daily time-frame, the common currency is trading in a bear trend below the main daily simple moving averages (DSMAs). The recent data in the US has kept the buck supported. Inflation and the Retail Sales Control Group were positive. Additionally, easing US-China trade tensions also support the Greenback. On the other hand, on Thursday ECB member Olli Rehn said the ECB stimulus package might overshoot expectations in September. The dovish comment was seen as bearish for the Euro. Thi Friday, US Consumer Confidence came below expectations.
 

EUR/USD 4-hour chart

 
The Euro is trading below 1.1110 resistance and its main SMAs, suggesting a bearish bias in the medium term. Bears need a break below 1.1074 to reach the 1.1062 and 1.1039 levels.
 

EUR/USD 30-minute chart

 
The market is trading below its main SMAs, suggesting a bearish bias in the near term. Immediate resistances are seen at the 1.1100, 1.1120 and 1.1135 levels, according to the Technical Confluences Indicator
 
  

Additional key levels

EUR/USD

Overview
Today last price 1.1091
Today Daily Change -0.0016
Today Daily Change % -0.14
Today daily open 1.1107
 
Trends
Daily SMA20 1.1159
Daily SMA50 1.1233
Daily SMA100 1.1222
Daily SMA200 1.1292
Levels
Previous Daily High 1.116
Previous Daily Low 1.1092
Previous Weekly High 1.1251
Previous Weekly Low 1.1104
Previous Monthly High 1.1373
Previous Monthly Low 1.106
Daily Fibonacci 38.2% 1.1117
Daily Fibonacci 61.8% 1.1134
Daily Pivot Point S1 1.108
Daily Pivot Point S2 1.1052
Daily Pivot Point S3 1.1012
Daily Pivot Point R1 1.1147
Daily Pivot Point R2 1.1188
Daily Pivot Point R3 1.1215

 

 

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