EUR/USD technical analysis: Fiber enters the Asian session near the 2019 lows

EUR/USD printed fresh 2019 lows this Thursday, reaching the 1.0908 price level.
The market is currently challenging the 1.0918 support.

Flavio Tosti Independent Analyst

EUR/USD daily chart

The common currency, on the daily chart, is trading in a bear trend below the main daily simple moving averages (DSMAs). In the New York session on Thursday, the US Gross Domestic Product came in at 2% in line with the market expecations.

EUR/USD four-hour chart

The market is trying to break below the 1.0918 support near the 2019 low currently at 1.0908. A break below 1.0908 can open the gates to a move down to the 1.0890 price level, according to the Technical Confluences Indicator.

EUR/USD 30-minute chart

EUR/USD is trading below the main SMAs, suggesting a bearish bias in the near term. Immediate resistance is seen at the 1.0940 and 1.0966 levels and the 1.1000 figure, according to the Technical Confluences Indicator.

Additional key levels

EUR/USD

Overview
Today last price	1.092
Today Daily Change	-0.0031
Today Daily Change %	-0.28
Today daily open	1.0951

Trends
Daily SMA20	1.1023
Daily SMA50	1.1095
Daily SMA100	1.117
Daily SMA200	1.1248

Levels
Previous Daily High	1.1017
Previous Daily Low	1.0938
Previous Weekly High	1.1084
Previous Weekly Low	1.099
Previous Monthly High	1.1251
Previous Monthly Low	1.0962
Daily Fibonacci 38.2%	1.0968
Daily Fibonacci 61.8%	1.0987
Daily Pivot Point S1	1.092
Daily Pivot Point S2	1.0889
Daily Pivot Point S3	1.0841
Daily Pivot Point R1	1.1
Daily Pivot Point R2	1.1048
Daily Pivot Point R3	1.1079

Author

Flavio Tosti

Independent Analyst

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