EUR/USD technical analysis: Euro rolling into the Asian session near weekly lows, sub-1.1144 level


  • EUR/USD broke below the critical 1.1160 support this Wednesday.
  • The level to beat for sellers is the 1.1136 support. 
 

EUR/USD daily chart

 
On the daily time-frame, the common currency is trading in a bear trend below its main daily simple moving averages (DSMAs). 
 

EUR/USD 4-hour chart

 
After six days of trading range, EUR/USD eventually broke below the 1.1160 support and the 100 SMA. The Euro reached the 1.1136 support, which is now the level to beat for bears. Looking down, the next supports are seen at the 1.1107, 1.1084 and 1.1061 levels.
 

EUR/USD 30-minute chart

 
Some profit-taking is making the market stall above the 1.1136 support. The bearish pressure remains and immediate resistances are seen at the 1.1144 and 1.1160 levels, according to the Technical Confluences Indicator
 
  

Additional key levels

EUR/USD

Overview
Today last price 1.1138
Today Daily Change -0.0034
Today Daily Change % -0.30
Today daily open 1.1172
 
Trends
Daily SMA20 1.1172
Daily SMA50 1.1238
Daily SMA100 1.1224
Daily SMA200 1.1295
Levels
Previous Daily High 1.1229
Previous Daily Low 1.117
Previous Weekly High 1.1251
Previous Weekly Low 1.1104
Previous Monthly High 1.1373
Previous Monthly Low 1.106
Daily Fibonacci 38.2% 1.1193
Daily Fibonacci 61.8% 1.1207
Daily Pivot Point S1 1.1151
Daily Pivot Point S2 1.1131
Daily Pivot Point S3 1.1092
Daily Pivot Point R1 1.1211
Daily Pivot Point R2 1.125
Daily Pivot Point R3 1.127

 

 

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