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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. 
 

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 price1.0955
Today Daily Change-0.0017
Today Daily Change %-0.15
Today daily open1.0972
 
Trends
Daily SMA201.0995
Daily SMA501.1059
Daily SMA1001.115
Daily SMA2001.1229
 
Levels
Previous Daily High1.1001
Previous Daily Low1.0962
Previous Weekly High1.1
Previous Weekly Low1.0879
Previous Monthly High1.111
Previous Monthly Low1.0885
Daily Fibonacci 38.2%1.0977
Daily Fibonacci 61.8%1.0986
Daily Pivot Point S11.0956
Daily Pivot Point S21.0939
Daily Pivot Point S31.0917
Daily Pivot Point R11.0994
Daily Pivot Point R21.1017
Daily Pivot Point R31.1033

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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