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EUR/USD technical analysis: Euro remains vulnerable at multi-month lows, bears eyeing beyond 2019 low

  • EUR/USD is under pressure near multi-month lows. 
  • The level to beat for bears are seen at 1.1101 and 1.066 price levels.
 

EUR/USD daily chart

 
EUR/USD is trading in a bear trend below its main daily simple moving averages (DSMAs).
 

EUR/USD 4-hour chart

 
EUR/USD is trading below the 1.1130 resistance and its main SMAs, suggesting bearish momentum in the medium term. The level to beat for bears is 1.1101 (2019 low) and 1.1066 on the way down, according to the Technical Confluences Indicator
 

EUR/USD 30-minute chart

 
The market is under pressure trading at daily lows. Immediate resistances are seen at the 1.1130, 1.1148 and 1.1164 level, according to the Technical Confluences Indicator.
 
 

Additional key levels

EUR/USD

Overview
Today last price1.1118
Today Daily Change-0.0029
Today Daily Change %-0.26
Today daily open1.1147
 
Trends
Daily SMA201.1239
Daily SMA501.1243
Daily SMA1001.1244
Daily SMA2001.1311
Levels
Previous Daily High1.1188
Previous Daily Low1.1101
Previous Weekly High1.1286
Previous Weekly Low1.12
Previous Monthly High1.1414
Previous Monthly Low1.116
Daily Fibonacci 38.2%1.1155
Daily Fibonacci 61.8%1.1135
Daily Pivot Point S11.1103
Daily Pivot Point S21.1059
Daily Pivot Point S31.1016
Daily Pivot Point R11.119
Daily Pivot Point R21.1233
Daily Pivot Point R31.1277

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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