EUR/USD technical analysis: Fiber hangs to daily highs into the London close

EUR/USD is about to end the London session little changed this Monday, trading below the 1.1000 handle.
Earlier in Europe, the German Factory Orders fell by 0.6% monthly and 6.7% yearly in August.

Flavio Tosti Independent Analyst

EUR/USD daily chart

On the daily chart, the shared currency is trading in a bear trend below its main daily simple moving averages (DSMAs).In the European session, the Factory Orders in Germany declined by 0.6% monthly and 6.7% yearly in August.

EUR/USD four-hour chart

The market is trapped in the 1.0960 and 1.1000 range. The spot needs a break beyond 1.1000 is to move up towards the 1.1025/43 resistances, according to the Technical Confluences Indicator.

EUR/USD 30-minute chart

EUR/USD is trading above the main SMAs, suggesting an upward bias in the near term. Immediate support is seen at the 1.0975 and 1.0960/40 price levels. Further down lie the 1.10890 support, according to the Technical Confluences Indicator.

Additional key levels

EUR/USD

Overview
Today last price	1.0994
Today Daily Change	0.0016
Today Daily Change %	0.15
Today daily open	1.0978

Trends
Daily SMA20	1.0999
Daily SMA50	1.1062
Daily SMA100	1.1152
Daily SMA200	1.1232

Levels
Previous Daily High	1.1
Previous Daily Low	1.0957
Previous Weekly High	1.1
Previous Weekly Low	1.0879
Previous Monthly High	1.111
Previous Monthly Low	1.0885
Daily Fibonacci 38.2%	1.0984
Daily Fibonacci 61.8%	1.0974
Daily Pivot Point S1	1.0957
Daily Pivot Point S2	1.0935
Daily Pivot Point S3	1.0914
Daily Pivot Point R1	1.0999
Daily Pivot Point R2	1.1021
Daily Pivot Point R3	1.1042

Author

Flavio Tosti

Independent Analyst

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