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EUR/USD technical analysis: Fiber enters the Asian session near Tuesday’s lows

  • The Greenback picked up some steam this Tuesday, helping EUR/USD to decline near two-day lows.
  • The Brexit chaos is weighing on the market mood and the Euro. 
  • The key macroeconomic event of the week is the European Central Bank (ECB) interest rate decision on Thursday.
 

EUR/USD daily chart

 
 
On the daily chart, the shared currency is trading in a bear trend below the 100 and 200-day simple moving averages (DSMAs). The Brexit optimism is fading somewhat and it is weighing on the Euro. Investors will start to focus on the key macroeconomic event of the week: the European Central Bank (ECB) interest rate decision on Thursday.
 

 

EUR/USD four-hour chart

 
EUR/USD, on the four-hour chart, is retracing down from the October highs, trading now below the 1.1140 level. As the market is weakening, the retracement can extend towards the 1.1110 and 1.1065 price levels on the way down, according to the Technical Confluences Indicator.
 

EUR/USD 30-minute chart

 
 
The Fiber is trading below its main SMAs on the 30-minute chart, suggesting a bearish bias in the near term. Resistance can be seen near 1.1140 and 1.1160 price levels, according to the Technical Confluences Indicator.
 

Additional key levels

EUR/USD

Overview
Today last price1.1126
Today Daily Change-0.0024
Today Daily Change %-0.22
Today daily open1.115
 
Trends
Daily SMA201.1006
Daily SMA501.1037
Daily SMA1001.1138
Daily SMA2001.1209
 
Levels
Previous Daily High1.118
Previous Daily Low1.1138
Previous Weekly High1.1063
Previous Weekly Low1.0941
Previous Monthly High1.111
Previous Monthly Low1.0885
Daily Fibonacci 38.2%1.1154
Daily Fibonacci 61.8%1.1164
Daily Pivot Point S11.1132
Daily Pivot Point S21.1115
Daily Pivot Point S31.1091
Daily Pivot Point R11.1173
Daily Pivot Point R21.1197
Daily Pivot Point R31.1215

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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