EUR/USD Technical Analysis: Euro trades at four-day lows, sub-1.1075 level

EUR/USD is trading near the weekly lows in the New York session.
The level to beat for bears is the 1.1047 support.

Flavio Tosti Independent Analyst

EUR/USD daily chart

The euro/dollar currency pair, on the daily chart, is trading in a downtrend below downward sloping 100 and 200-day simple moving averages (DMAs). This Friday, the market is trading at weekly lows in the New York session.

EUR/USD four-hour chart

The spot is trading below the 1.1075 resistance and the 100/200 SMAs on the four-hour time frame. The confirmation from the false bull breakout above 1.1075 would gain strength if the market closed below the 1.1047 level on a daily basis. The mains levels to watch on the way down are likely near 1.1014/1.1000 zone followed by 1.0968 and 1.0945 price levels, according to the Technical Confluences Indicator.

EUR/USD 30-minute chart

The euro is trading below the main SMAs, suggesting a bearish bias in the near term. The main resistances on the way up are the 1.1075 level followed by 1.1106 and the 1.1152 levels, according to the Technical Confluences Indicator. However, a break above the 1.1106 level on a daily basis would likely flip EUR/USD to bullish.

Additional key levels

EUR/USD

Overview
Today last price	1.1058
Today Daily Change	0.0001
Today Daily Change %	0.01
Today daily open	1.1057

Trends
Daily SMA20	1.1075
Daily SMA50	1.1044
Daily SMA100	1.1089
Daily SMA200	1.1175

Levels
Previous Daily High	1.1098
Previous Daily Low	1.1052
Previous Weekly High	1.1058
Previous Weekly Low	1.0989
Previous Monthly High	1.118
Previous Monthly Low	1.0879
Daily Fibonacci 38.2%	1.1069
Daily Fibonacci 61.8%	1.108
Daily Pivot Point S1	1.104
Daily Pivot Point S2	1.1023
Daily Pivot Point S3	1.0995
Daily Pivot Point R1	1.1086
Daily Pivot Point R2	1.1114
Daily Pivot Point R3	1.1131

Author

Flavio Tosti

Independent Analyst

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