EUR/USD technical analysis: Fiber at daily lows battling with 1.1260 level

EUR/USD is hovering near the daily lows as bears challenge the 1.1260 level.
The level to beat for bears is at 1.1260 followed by 1.1160 to the downside.

Flavio Tosti Independent Analyst

EUR/USD daily chart

EUR/USD is in a bear trend below the 1.1300 handle and its 200-day simple moving average (DSMA).

EUR/USD 4-hour chart

EUR/USD is trading near the 1.1260 support/resistance level and below the 200 SMA suggesting potential weakness in the near term. Support is seen near 1.1260/40 and 1.1160, according to the Technical Canfluences Indicator.

EUR/USD 30-minute chart

EUR/USD is trading near the daily lows between the 100 and 200 SMAs suggesting a consolidation in the short term. Resistance is seen at 1.1260, 1.1285 and 1.1320.

Additional key levels

EUR/USD

Overview
Today last price	1.1259
Today Daily Change	-0.0010
Today Daily Change %	-0.09
Today daily open	1.1269

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

Levels
Previous Daily High	1.1276
Previous Daily Low	1.1238
Previous Weekly High	1.1286
Previous Weekly Low	1.1193
Previous Monthly High	1.1414
Previous Monthly Low	1.116
Daily Fibonacci 38.2%	1.1262
Daily Fibonacci 61.8%	1.1253
Daily Pivot Point S1	1.1246
Daily Pivot Point S2	1.1223
Daily Pivot Point S3	1.1208
Daily Pivot Point R1	1.1285
Daily Pivot Point R2	1.13
Daily Pivot Point R3	1.1323

Author

Flavio Tosti

Independent Analyst

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