EUR/USD technical analysis: Fiber drifting below the 1.1100 figure into the London close

EUR/USD is trading below 1.1100 as the London session comes to an end.
The level to beat for bears is at 1.1080 support.

Flavio Tosti Independent Analyst

EUR/USD daily chart

On the daily time-frame, the single currency is trading in a bear trend below the main daily simple moving averages (DSMAs).

EUR/USD 4-hour chart

Fiber is breaking below 1.1098 support. If the bears keep the pressure, the market may drop towards the 1.1080 and 1.1052 levels, according to the Technical Confluences Indicator.

EUR/USD 30-minute chart

EUR/USD is trading at daily lows below its main SMAs suggesting bearish momentum. The bear breakout so far seems to lack conviction so it remains to be seen how the bears will sustain the move on Wednesday. Immediate resistance is seen at 1.1098, 1.1117 and 1.1134 levels, according to the Technical Confluences Indicator.

Additional key levels

EUR/USD

Overview
Today last price	1.109
Today Daily Change	-0.0010
Today Daily Change %	-0.09
Today daily open	1.11

Trends
Daily SMA20	1.1136
Daily SMA50	1.1207
Daily SMA100	1.1213
Daily SMA200	1.1284

Levels
Previous Daily High	1.1164
Previous Daily Low	1.1094
Previous Weekly High	1.1154
Previous Weekly Low	1.1052
Previous Monthly High	1.1373
Previous Monthly Low	1.106
Daily Fibonacci 38.2%	1.1121
Daily Fibonacci 61.8%	1.1138
Daily Pivot Point S1	1.1075
Daily Pivot Point S2	1.105
Daily Pivot Point S3	1.1005
Daily Pivot Point R1	1.1145
Daily Pivot Point R2	1.119
Daily Pivot Point R3	1.1215

Author

Flavio Tosti

Independent Analyst

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