EUR/USD technical analysis: Euro rolling into the Asian session below the 1.1000 handle

EUR/USD is ending Monday marginally lower below the 1.1000 handle.
Earlier in Europe, the Factory Orders in Germany declined by 0.6% monthly and 6.7% yearly in August.
After the London close, the Greenback appreciated on the back of positive news from the US-China trade war.

Flavio Tosti Independent Analyst

EUR/USD daily chart

On the daily chart, the shared currency is trading in a downtrend below its main daily simple moving averages (DSMAs). Earlier, in Europe, the Factory Orders in Germany declined by 0.6% monthly and 6.7% yearly in August. After the London close, positive trade war news lifted the Greenback, sending EUR/USD marginally lower.

EUR/USD four-hour chart

EUR/USD is confined in the 1.0960-1.1000 range. The market would need a break above the 1.1000 handle and the 100 SMA to trade towards the 1.1025/43 resistances, according to the Technical Confluences Indicator.

EUR/USD 30-minute chart

EUR/USD is trading between the 100 and 200 SMAs, suggesting a consolidation down in the near term. Immediate resistance is seen at the 1.0975 and 1.1000 price levels, according to the Technical Confluences Indicator.

Additional key levels

EUR/USD

Overview
Today last price	1.0973
Today Daily Change	-0.0005
Today Daily Change %	-0.05
Today daily open	1.0978

Trends
Daily SMA20	1.0999
Daily SMA50	1.1062
Daily SMA100	1.1152
Daily SMA200	1.1232

Levels
Previous Daily High	1.1
Previous Daily Low	1.0957
Previous Weekly High	1.1
Previous Weekly Low	1.0879
Previous Monthly High	1.111
Previous Monthly Low	1.0885
Daily Fibonacci 38.2%	1.0984
Daily Fibonacci 61.8%	1.0974
Daily Pivot Point S1	1.0957
Daily Pivot Point S2	1.0935
Daily Pivot Point S3	1.0914
Daily Pivot Point R1	1.0999
Daily Pivot Point R2	1.1021
Daily Pivot Point R3	1.1042

Author

Flavio Tosti

Independent Analyst

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