EUR/USD technical analysis: Fiber crumbles to daily lows as US delays tariffs until December

Breaking: USTR additional tariffs on some products will be delayed to December 15.
EUR/USD is challenging the daily lows near 1.1173 support.

Flavio Tosti Independent Analyst

EUR/USD daily chart

EUR/USD is consolidating for the sixth consecutive day. The single currency is capped by the 1.1220/55 resistances as well as the 50/100-day simple moving averages (DSMAs). The US announced that some tariffs will be delayed until December 15. The news was perceived as risk-on as US stock indices shot higher, safe-haven gold, yen and CHF sold-off and the greenback appreciated.

EUR/USD 4-hour chart

EUR/USD is in a range between the 1.1255 resistance and the 1.1160 support while the market is trading below a downward sloping 200 SMA. Bears are probing the 1.1173 support. However, EUR/USD would need a daily close below 1.1160 to regain a convincing bearish potential.

EUR/USD 30-minute chart

The range theme is still intact for now. However fundamental factors seem to be turning in favor of the bears. Immediate resistances are seen at 1.1200 and 1.1220, according to the Technical Confluences Indicator.

Additional key

EUR/USD

Overview
Today last price	1.1176
Today Daily Change	-0.0040
Today Daily Change %	-0.36
Today daily open	1.1216

Trends
Daily SMA20	1.1174
Daily SMA50	1.1239
Daily SMA100	1.1225
Daily SMA200	1.1296

Levels
Previous Daily High	1.1232
Previous Daily Low	1.1162
Previous Weekly High	1.1251
Previous Weekly Low	1.1104
Previous Monthly High	1.1373
Previous Monthly Low	1.106
Daily Fibonacci 38.2%	1.1205
Daily Fibonacci 61.8%	1.1189
Daily Pivot Point S1	1.1174
Daily Pivot Point S2	1.1134
Daily Pivot Point S3	1.1105
Daily Pivot Point R1	1.1244
Daily Pivot Point R2	1.1272
Daily Pivot Point R3	1.1314

Author

Flavio Tosti

Independent Analyst

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