EUR/USD technical analysis: Euro trading below 1.0960 level after the London close

EUR/USD is trading at three-day lows on USD strength.
The level to beat for sellers is the 1.0940 support.

Flavio Tosti Independent Analyst

EUR/USD daily chart

On the daily chart, the common currency is trading in a bear trend below its main daily simple moving averages (DSMAs). The Greenback is gaining some strength on the back of better market mood, sending EUR/USD to three-day lows.

EUR/USD four-hour chart

EUR/USD broke below the 1.0960 level and the spot is now consolidating the recent losses just above the 50 SMA on the four-hour chart. A break below 1.0940 would expose the 1.0890 support level, according to the Technical Confluences Indicator.

EUR/USD 30-minute chart

EUR/USD is trading below the 1.0960 level and the main SMAs, suggesting a bearish bias in the near term. Immediate resistance is seen at the 1.0960/75 price levels and the 1.1000 handle, according to the Technical Confluences Indicator.

Additional key levels

EUR/USD

Overview
Today last price	1.0955
Today Daily Change	-0.0017
Today Daily Change %	-0.15
Today daily open	1.0972

Trends
Daily SMA20	1.0995
Daily SMA50	1.1059
Daily SMA100	1.115
Daily SMA200	1.1229

Levels
Previous Daily High	1.1001
Previous Daily Low	1.0962
Previous Weekly High	1.1
Previous Weekly Low	1.0879
Previous Monthly High	1.111
Previous Monthly Low	1.0885
Daily Fibonacci 38.2%	1.0977
Daily Fibonacci 61.8%	1.0986
Daily Pivot Point S1	1.0956
Daily Pivot Point S2	1.0939
Daily Pivot Point S3	1.0917
Daily Pivot Point R1	1.0994
Daily Pivot Point R2	1.1017
Daily Pivot Point R3	1.1033

Author

Flavio Tosti

Independent Analyst

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