EUR/USD technical analysis: Euro settling near the 1.1200 figure

The Euro is weak as USD is gaining momentum across the board.
On the way down levels to watch can be seen at 1.1217 and 1.1160.

Flavio Tosti Independent Analyst

EUR/USD daily chart

EUR/USD is trading below its main daily simple moving averages (DSMAs). The June’s Nonfarm Payrolls was the best reading since January. The US economy added 224K jobs vs. 160K. As a result, analysts think that the Federal Reserve might be less agressive in cutting rates.

EUR/USD 4-hour chart

The market reached 1.1217 support where it is now enetreing a consolidation. 1.1217 is the level to beat for bears in order to get to 1.1160, according to the Technical Confluences Indicator.

EUR/USD 30-minute chart

The market remains under bearish pressure however the consolidation could potentially extend to 1.1240. Further up lies the 1.1264 and the 1.1288 resistances, according to the Technical Confluences Indicator.

Additional key levels

EUR/USD

Overview
Today last price	1.1222
Today Daily Change	-0.0062
Today Daily Change %	-0.55
Today daily open	1.1284

Trends
Daily SMA20	1.1303
Daily SMA50	1.1237
Daily SMA100	1.1261
Daily SMA200	1.1335

Levels
Previous Daily High	1.1296
Previous Daily Low	1.1273
Previous Weekly High	1.1414
Previous Weekly Low	1.1344
Previous Monthly High	1.1414
Previous Monthly Low	1.116
Daily Fibonacci 38.2%	1.1288
Daily Fibonacci 61.8%	1.1282
Daily Pivot Point S1	1.1272
Daily Pivot Point S2	1.1261
Daily Pivot Point S3	1.1249
Daily Pivot Point R1	1.1296
Daily Pivot Point R2	1.1308
Daily Pivot Point R3	1.1319

Author

Flavio Tosti

Independent Analyst

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