EUR/USD technical analysis: Euro within its daily range dips below 1.1300

Euro is consolidating the losses seen on Monday.
EUR/USD is under bearish pressure below the 1.1320 resistance.

Flavio Tosti Independent Analyst

EUR/USD daily chart

EUR/USD is consolidating Monday’s losses. It was the largest daily decline since late April. Euro is below the 1.1300 figure and its 200-day simple moving average (DSMA).

EUR/USD 4-hour chart

EUR/USD is trading below 1.1320 resistance and the 50/100 SMA. The market can continue to drift down towards 1.1260 and 1.1220, according to the Technical Confluences Indicator.

EUR/USD 30-minute chart

EUR/USD is trading below its 100 and 200 SMAs, suggesting bearish momentum in the near term. Resistances are located near 1.1320, 1.1348 and the 1.1375 level, according to the Technical Confluences Indicator.

Additional key levels

EUR/USD

Overview
Today last price	1.1308
Today Daily Change	0.0022
Today Daily Change %	0.19
Today daily open	1.1286

Trends
Daily SMA20	1.1298
Daily SMA50	1.123
Daily SMA100	1.1262
Daily SMA200	1.1341

Levels
Previous Daily High	1.1373
Previous Daily Low	1.1281
Previous Weekly High	1.1414
Previous Weekly Low	1.1344
Previous Monthly High	1.1414
Previous Monthly Low	1.116
Daily Fibonacci 38.2%	1.1316
Daily Fibonacci 61.8%	1.1338
Daily Pivot Point S1	1.1254
Daily Pivot Point S2	1.1222
Daily Pivot Point S3	1.1162
Daily Pivot Point R1	1.1345
Daily Pivot Point R2	1.1405
Daily Pivot Point R3	1.1437

Author

Flavio Tosti

Independent Analyst

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