EUR/USD technical analysis: Euro rises to 1.0985 level on disappointing US ISM PMI

The US ISM Non-Manufacturing PMI dropped to 52.6 in September vs. 55 expected.
The level to beat for buyers is the 1.1000 handle followed by the1.1030 price level.

Flavio Tosti Independent Analyst

EUR/USD daily chart

The shared currency, on the daily chart, is trading in a downtrend below the main daily simple moving averages (DSMAs). The US ISM Non-Manufacturing PMI dropped to 52.6 in September vs. 55 expected.

EUR/USD four-hour chart

EUR/USD broke above the 1.0960 resistance and is now challenging the 1.0985 resistance and the 100 SMA. A break above the 1.1000 handle can expose the 1.1030 resistance, according to the Technical Confluences Indicator.

EUR/USD 30-minute chart

EUR/USD is trading above its main SMAs, suggesting bullish momentum in the near term. Immediate support is seen at the 1.0974 and 1.0960 levels, according to the Technical Confluences Indicator.

Additional key levels

EUR/USD

Overview
Today last price	1.0989
Today Daily Change	0.0029
Today Daily Change %	0.26
Today daily open	1.096

Trends
Daily SMA20	1.1004
Daily SMA50	1.1069
Daily SMA100	1.1156
Daily SMA200	1.1236

Levels
Previous Daily High	1.0964
Previous Daily Low	1.0904
Previous Weekly High	1.1026
Previous Weekly Low	1.0905
Previous Monthly High	1.111
Previous Monthly Low	1.0885
Daily Fibonacci 38.2%	1.0941
Daily Fibonacci 61.8%	1.0927
Daily Pivot Point S1	1.0922
Daily Pivot Point S2	1.0883
Daily Pivot Point S3	1.0862
Daily Pivot Point R1	1.0981
Daily Pivot Point R2	1.1002
Daily Pivot Point R3	1.1041

Author

Flavio Tosti

Independent Analyst

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