EUR/USD technical analysis: Euro rolling into the Asian session near monthly lows, above 1.1200 support

EUR/USD is starting the week confined in a 20-pip range.
The levels to beat for sellers are seen at 1.1200 followed by 1.1160.

Flavio Tosti Independent Analyst

EUR/USD daily chart

EUR/USD is trading in a bear trend below the main daily simple moving averages (DSMAs). The market is about to enter the Asian session while trading near the monthly lows.

EUR/USD 4-hour chart

EUR/USD has been trading in a 20-pip range this Monday confinded between 1.1200 and 1.1220. Sellers want a breakout below the 1.1200 support to reach 1.1160 and 1.1120 to the downside, according to the Technical Confluences Indicator.

EUR/USD 30-minute chart

EUR/USD is ranging below its main SMAs suggesting bearish momentum in the near term. The market could find immediate resistance at 1.1220, 1.1255 and potentially 1.1290, according to the Technical Confluences Indicator.

Additional key levels

EUR/USD

Overview
Today last price	1.1208
Today Daily Change	-0.0014
Today Daily Change %	-0.12
Today daily open	1.1222

Trends
Daily SMA20	1.1282
Daily SMA50	1.1246
Daily SMA100	1.1249
Daily SMA200	1.1318

Levels
Previous Daily High	1.1284
Previous Daily Low	1.1203
Previous Weekly High	1.1286
Previous Weekly Low	1.12
Previous Monthly High	1.1414
Previous Monthly Low	1.116
Daily Fibonacci 38.2%	1.1234
Daily Fibonacci 61.8%	1.1253
Daily Pivot Point S1	1.1189
Daily Pivot Point S2	1.1156
Daily Pivot Point S3	1.1109
Daily Pivot Point R1	1.1269
Daily Pivot Point R2	1.1316
Daily Pivot Point R3	1.1349

Author

Flavio Tosti

Independent Analyst

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