EUR/USD technical analysis: Euro trades at five-day low as US ISM Non-Manufacturing PMI comes better-than-expected


 

EUR/USD daily chart

 
On the daily chart, the Euro is trading in a downtrend below its 200-day simple moving average (DMA) while challenging the 100 DMA. This Monday, the ISM Non-Manufacturing PMI rebounds to 54.7, EUR/USD extends slide to 1.1072.
 
 
 

EUR/USD four-hour chart

 
The Euro is challenging the 1.1072 swing low while trading below the 50 and 100 SMAs. A daily break below the level can open the doors to more losses towards the 1.1037/20 support zone, according to the Technical Confluences Indicator.
 

EUR/USD 30-minute chart

 
EUR/USD is trading at five-day lows below its main SMAs, suggesting a bearish bias in the near term. Resistance is seen at the 1.1090 level followed by the 1.1115 and 1.1145 levels, according to the Technical Confluences Indicator.
 

Additional key levels

EUR/USD

Overview
Today last price 1.1079
Today Daily Change -0.0049
Today Daily Change % -0.44
Today daily open 1.1128
 
Trends
Daily SMA20 1.1091
Daily SMA50 1.1041
Daily SMA100 1.1124
Daily SMA200 1.1196
 
Levels
Previous Daily High 1.1176
Previous Daily Low 1.1124
Previous Weekly High 1.1063
Previous Weekly Low 1.0941
Previous Monthly High 1.118
Previous Monthly Low 1.0879
Daily Fibonacci 38.2% 1.1144
Daily Fibonacci 61.8% 1.1157
Daily Pivot Point S1 1.111
Daily Pivot Point S2 1.1091
Daily Pivot Point S3 1.1058
Daily Pivot Point R1 1.1162
Daily Pivot Point R2 1.1195
Daily Pivot Point R3 1.1214

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD modestly up for the day, still below 1.0900

The EUR/USD pair is trading marginally higher at the end of Wednesday, as panic eased. Nevertheless, concerns about the coronavirus possible effects on economic growth keep investors in cautious mode.

EUR/USD News

AUD/USD at fresh multi-year lows and at risk of falling further

The Aussie remains among the weakest currencies in the FX sphere, amid Australian economic tights with China. AUD/USD trading at an over one-decade low in the 0.6550 price zone.

AUD/USD News

Crypto Today: Bitcoin bears force devastating break of $9000

BTC/USD is currently trading at $8740 (-6.50%), the bears have smashed the big $9000 mark to the downside. 

Read more

Gold surrenders early gains, refreshes session low around $1630 region

Gold surrendered its early modest gains and has now drifted into the negative territory, refreshing session lows around the $1634-335 region.

Gold News

FXStreet launches Real-Time Trading Signals

FXStreet Signals offers access to explanatory live webinars, real-time notifications when signals are triggered and exclusive membership to the company’s Telegram group, where users get direct guidance by our analysts and get room to discuss and interact.

More info

Forex MAJORS

Cryptocurrencies

Signatures