EUR/USD technical analysis: Euro starts the week wavering above the 1.1000 handle

EUR/USD starts the week trading mixed above the 1.1000 handle.
Strong resistance is at 1.1067 and strong support is at 1.1000 in the New York session this Monday.

Flavio Tosti Independent Analyst

EUR/USD daily chart

On the daily chart, the common currency is trading in a bear trend below its 100 and 200-day simple moving averages (DSMAs). Last week, the Euro broke above a multi-week trendline and challenged the 50 SMA. This Monday, the market is consolidating last week’s gains below the 50 SMA.

EUR/USD four-hour chart

The spot is trading above its main SMAs, suggesting bullish momentum in the medium term. EUR/USD is consolidating last week’s advance above the 1.1000 handle and the 200 SMA. The 1.1067 level become the level to beat for bulls. Further up lies 1.1090 resistance, according to the Technical Confluences Indicator.

EUR/USD 30-minute chart

The Euro is trading in a small 30-pip range near the 100 SMA, suggesting a consolidation for the time being. The first level of support of relevance is at 1.1000. A daily close below this level might turn the bias to bearish in the short and medium term.

Additional key levels

EUR/USD

Overview
Today last price	1.1024
Today Daily Change	-0.0013
Today Daily Change %	-0.12
Today daily open	1.1037

Trends
Daily SMA20	1.0985
Daily SMA50	1.105
Daily SMA100	1.1143
Daily SMA200	1.1221

Levels
Previous Daily High	1.1063
Previous Daily Low	1.1001
Previous Weekly High	1.1063
Previous Weekly Low	1.0941
Previous Monthly High	1.111
Previous Monthly Low	1.0885
Daily Fibonacci 38.2%	1.1039
Daily Fibonacci 61.8%	1.1025
Daily Pivot Point S1	1.1004
Daily Pivot Point S2	1.0972
Daily Pivot Point S3	1.0943
Daily Pivot Point R1	1.1066
Daily Pivot Point R2	1.1095
Daily Pivot Point R3	1.1128

Author

Flavio Tosti

Independent Analyst

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