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EUR/USD technical analysis: Euro retracing down below 1.1380 resistance

  • EUR/USD is pulling back down in the near term.
  • The next supports to watch are at 1.1340 and 1.1310 on the way down.

EUR/USD daily chart

EUR/USD is trading above its main daily simple moving averages (DSMAs) suggesting that the bear trend might be weakening.


EUR/USD 4-hour chart

The market broke below 1.1380 strong support, according to the Technical Confluences Indicator. The market should keep declining towards the next support at 1.1340 and 1.1310.


EUR/USD 30-minute chart

EUR/USD is trading below 1.1380 resistance and the 50/100 SMAs suggesting a retracement down in the near term. According to the Technical Confluences Indicator, resistances are at the 1.1380 level and 1.1400 figure.

Additional key levels

EUR/USD

Overview
Today last price1.1369
Today Daily Change-0.0029
Today Daily Change %-0.25
Today daily open1.1398
 
Trends
Daily SMA201.1251
Daily SMA501.1221
Daily SMA1001.1261
Daily SMA2001.1351
Levels
Previous Daily High1.1404
Previous Daily Low1.1367
Previous Weekly High1.1378
Previous Weekly Low1.1181
Previous Monthly High1.1266
Previous Monthly Low1.1107
Daily Fibonacci 38.2%1.139
Daily Fibonacci 61.8%1.1381
Daily Pivot Point S11.1376
Daily Pivot Point S21.1353
Daily Pivot Point S31.1339
Daily Pivot Point R11.1413
Daily Pivot Point R21.1427
Daily Pivot Point R31.145

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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