EUR/USD technical analysis: Fiber pops to daily highs above the 1.1200 figure

EUR/USD remained trapped in a five-day range as the market is hovering below the 1.1220 resistance.
The level to beat for bears is the critical 1.1160 support.

Flavio Tosti Independent Analyst

EUR/USD daily chart

EUR/USD has been consolidating for the fifth consecutive day. Fiber is currently capped by the 1.1200 resistance and the 50/100-day simple moving averages (DSMAs).

EUR/USD 4-hour chart

The Euro is currently trapped in a range between the 1.1253 resistance and the 1.1160 support while capped below the 200 SMA. Sellers need a clear daily break below the 1.1160 key support, which could lead to a pullback down towards 1.1138 and 1.1105, according to the Technical Confluences Indicator.

EUR/USD 30-minute chart

The market tried to break below 1.1160 support, but the price bounced from there and reached a new daily high. However, to create a significant recovery buyers would need a daily close above 1.1220 and 1.1253, according to the Technical Confluences Indicator.

Additional key levels

EUR/USD

Overview
Today last price	1.1204
Today Daily Change	0.0003
Today Daily Change %	0.03
Today daily open	1.1201

Trends
Daily SMA20	1.1176
Daily SMA50	1.124
Daily SMA100	1.1226
Daily SMA200	1.1297

Levels
Previous Daily High	1.1224
Previous Daily Low	1.118
Previous Weekly High	1.1251
Previous Weekly Low	1.1104
Previous Monthly High	1.1373
Previous Monthly Low	1.106
Daily Fibonacci 38.2%	1.1207
Daily Fibonacci 61.8%	1.1196
Daily Pivot Point S1	1.1179
Daily Pivot Point S2	1.1157
Daily Pivot Point S3	1.1135
Daily Pivot Point R1	1.1223
Daily Pivot Point R2	1.1245
Daily Pivot Point R3	1.1267

Author

Flavio Tosti

Independent Analyst

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