EUR/USD technical analysis: Euro records its worst weekly decline since August


  • EUR/USD has been under heavy selling pressure throughout the all week. 
  • Bears are likely eyeing the 1.1000 handle on the way down. 
 

EUR/USD daily chart

 
The Euro, on the daily chart, is trading in a bear trend below its main daily simple moving averages (DMAs). The Fiber is registering its worst weekly decline since late August 2019.
 

EUR/USD four-hour chart

 
The Fiber is trading below its main SMAs on the four-hour chart suggesting a bearish bias in the medium term. Bears broke below the 1.1028 support level which is opening the way to further potential weakness towards the 1.1000 figure and to the 1.0965 price level steam, according to the Technical Confluences Indicator. 
 

EUR/USD 30-minute chart

 
EUR/USD is under pressure below the main SMAs, suggesting a bearish bias in the near term. The 1.1028 and 1.1051 levels should act as resistance as well as the 1.1063/74 resistance zone, according to the Technical Confluences Indicator.
 

 

Additional key levels

EUR/USD

Overview
Today last price 1.1022
Today Daily Change -0.0024
Today Daily Change % -0.22
Today daily open 1.1046
 
Trends
Daily SMA20 1.1102
Daily SMA50 1.104
Daily SMA100 1.1119
Daily SMA200 1.1191
 
Levels
Previous Daily High 1.1092
Previous Daily Low 1.1036
Previous Weekly High 1.1176
Previous Weekly Low 1.1074
Previous Monthly High 1.118
Previous Monthly Low 1.0879
Daily Fibonacci 38.2% 1.1057
Daily Fibonacci 61.8% 1.107
Daily Pivot Point S1 1.1024
Daily Pivot Point S2 1.1002
Daily Pivot Point S3 1.0968
Daily Pivot Point R1 1.108
Daily Pivot Point R2 1.1114
Daily Pivot Point R3 1.1136

 

 

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