EUR/USD technical analysis: Recent bull run currently capped at 1.1320 resistance

The US and Mexico reached a deal on tariffs and immigration, which is seen as positive for USD.
The European Central Bank is considering cutting interest rates to ramp up inflation.
The bank holiday in some European countries is keeping the volatility low. EUR/USD is essentially trading sideways this Monday.

Flavio Tosti Independent Analyst

EUR/USD daily chart

EUR/USD is trading in a bear trend below its 200 simple moving averages (SMAs).

EUR/USD 4-hour chart

The market is testing 1.1320 resistance while trading above its main SMAs.

EUR/USD 30-minute chart

Fiber is consolidating below 1.1320 and the 50 SMA. It is trading above the 100 and 200 SMAs and a sustained break beyond 1.1320 is needed to reach 1.1400 handle. On the flip side, a daily close below 1.1250 would be seen as bearish.

Additional key levels

EUR/USD

Overview
Today last price	1.1312
Today Daily Change	-0.0022
Today Daily Change %	-0.19
Today daily open	1.1334

Trends
Daily SMA20	1.1198
Daily SMA50	1.1214
Daily SMA100	1.1275
Daily SMA200	1.1369

Levels
Previous Daily High	1.1348
Previous Daily Low	1.1251
Previous Weekly High	1.1348
Previous Weekly Low	1.116
Previous Monthly High	1.1266
Previous Monthly Low	1.1107
Daily Fibonacci 38.2%	1.1311
Daily Fibonacci 61.8%	1.1288
Daily Pivot Point S1	1.1274
Daily Pivot Point S2	1.1214
Daily Pivot Point S3	1.1177
Daily Pivot Point R1	1.1372
Daily Pivot Point R2	1.1409
Daily Pivot Point R3	1.1469

Author

Flavio Tosti

Independent Analyst

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