EUR/USD Technical Analysis: Euro rolling into the Asian session below the 1.1083 resistance

EUR/USD is ending Wednesday’s New York session keeping the consolidation theme unchanged.
The level to beat for sellers is the 1.1043 level.

Flavio Tosti Independent Analyst

EUR/USD daily chart

The Fiber, on the daily chart, is trading in a downtrend below the downward sloping 100 and 200-day simple moving averages (DMAs). The FOMC minutes on Wednesday had little to no impact on the US Dollar.

EUR/USD four-hour chart

The spot is currently capped below the 1.1083 resistance and the 100/200 SMAs. If the bears manage to keep the market below the 1.1083 resistance, a break below 1.1043 can lead to the 1.1014 and 1.0991 levels, according to the Technical Confluences Indicator.

EUR/USD 30-minute chart

EUR/USD is trading in a narrow range for the third consecutive day, while above the 200 SMA. The critical resistance is seen at 1.1083. If the market closes above the level on a daily basis, it can lead to further gains towards the 1.1112 and 1.1152 resistances.

Additional key levels

EUR/USD

Overview
Today last price	1.1072
Today Daily Change	-0.0005
Today Daily Change %	-0.05
Today daily open	1.1077

Trends
Daily SMA20	1.1081
Daily SMA50	1.1043
Daily SMA100	1.1093
Daily SMA200	1.1177

Levels
Previous Daily High	1.1086
Previous Daily Low	1.1062
Previous Weekly High	1.1058
Previous Weekly Low	1.0989
Previous Monthly High	1.118
Previous Monthly Low	1.0879
Daily Fibonacci 38.2%	1.1077
Daily Fibonacci 61.8%	1.1071
Daily Pivot Point S1	1.1065
Daily Pivot Point S2	1.1052
Daily Pivot Point S3	1.1041
Daily Pivot Point R1	1.1088
Daily Pivot Point R2	1.1098
Daily Pivot Point R3	1.1111

Author

Flavio Tosti

Independent Analyst

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