EUR/USD technical analysis: Fiber trading near daily lows just above 1.1380
- EUR/USD bear trend is at risk as the market trades above its main DSMAs.
- In the near term, 1.1418 is acting as resistance.

EUR/USD daily chart
EUR/USD is trading above its main daily simple moving averages (DSMAs) suggesting that the bear trend might be in peril.

EUR/USD 4-hour chart

In the medium term, the market has a bullish bias above its main SMAs. The market is holding above a strong support according to the Technical Confluences Indicator. However, if bears break it, the next support can be seen at 1.1340 and 1.1310.

EUR/USD 30-minute chart

EUR/USD is trading below the 1.1400 figure and its 50 SMA. According to the Technical Confluences Indicator, resistances are at the 1.1400 figure and the 1.1418 level.
Additional key levels
Author

Flavio Tosti
Independent Analyst


















