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.

Flavio Tosti Independent Analyst

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 price	1.1369
Today Daily Change	-0.0029
Today Daily Change %	-0.25
Today daily open	1.1398

Trends
Daily SMA20	1.1251
Daily SMA50	1.1221
Daily SMA100	1.1261
Daily SMA200	1.1351

Levels
Previous Daily High	1.1404
Previous Daily Low	1.1367
Previous Weekly High	1.1378
Previous Weekly Low	1.1181
Previous Monthly High	1.1266
Previous Monthly Low	1.1107
Daily Fibonacci 38.2%	1.139
Daily Fibonacci 61.8%	1.1381
Daily Pivot Point S1	1.1376
Daily Pivot Point S2	1.1353
Daily Pivot Point S3	1.1339
Daily Pivot Point R1	1.1413
Daily Pivot Point R2	1.1427
Daily Pivot Point R3	1.145

Author

Flavio Tosti

Independent Analyst

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