EUR/USD technical analysis: Euro on the back foot in the New York session, trading sub-1.1140 level


  • The Greenback is picking up some steam this Tuesday, sending EUR/USD to two-day lows.
  • Brexit uncertainties are weighing on both the market mood and the Euro. 
 

EUR/USD daily chart

 
 
On the daily chart, the shared currency is trading in a bear trend below its 200-day simple moving averages (DSMAs). However, the Brexit deal euphoria and the better market mood benefitted the Euro in October. 

EUR/USD four-hour chart

 
On the four-hour chart, EUR/USD is starting to ease from the October highs, trading now below the 1.1140 resistance. However, the market is still above its main SMAs, suggesting bullish momentum in the medium term. A break of the 1.1160 resistance can lead to a move up to the 1.1191 resistance, according to the Technical Confluences Indicator.
 

EUR/USD 30-minute chart

 
 
EUR/USD is trading below the 50 and 100 SMAs but above the 200 SMA, suggesting a consolidation in the near term. Bears would need to break 1.1110 to reach 1.1065 price level on the way down.
 

Additional key levels

EUR/USD

Overview
Today last price 1.1132
Today Daily Change -0.0018
Today Daily Change % -0.16
Today daily open 1.115
 
Trends
Daily SMA20 1.1006
Daily SMA50 1.1037
Daily SMA100 1.1138
Daily SMA200 1.1209
 
Levels
Previous Daily High 1.118
Previous Daily Low 1.1138
Previous Weekly High 1.1063
Previous Weekly Low 1.0941
Previous Monthly High 1.111
Previous Monthly Low 1.0885
Daily Fibonacci 38.2% 1.1154
Daily Fibonacci 61.8% 1.1164
Daily Pivot Point S1 1.1132
Daily Pivot Point S2 1.1115
Daily Pivot Point S3 1.1091
Daily Pivot Point R1 1.1173
Daily Pivot Point R2 1.1197
Daily Pivot Point R3 1.1215

 

 

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