EUR/USD technical analysis: Rising odds for a test of 2019 lows near 1.1100 in the short-term


  • EUR/USD remains well into the negative territory, reversing at the same time two consecutive weekly closes with gains.
  • The bearish stance is expected to prevail as long as the pair navigates below the key multi-month resistance line at 1.1291.

EUR/USD's technical picture keeps favoring the bears. The pair is heading to a losing close after two consecutive winning weeks.

Its inability to clear the critical 1.1250/60 band – where coincide monthly tops and the 55-day simple moving average – has opened the door to a return of sellers and the palpable chance of a visit to year-to-date lows in the 1.1100 neighbourhood in the next weeks.

EUR/USD daily chart

EUR/USD

Overview
Today last price 1.1176
Today Daily Change 14
Today Daily Change % -0.02
Today daily open 1.1178
 
Trends
Daily SMA20 1.1199
Daily SMA50 1.1246
Daily SMA100 1.1314
Daily SMA200 1.1396
Levels
Previous Daily High 1.1226
Previous Daily Low 1.1166
Previous Weekly High 1.1254
Previous Weekly Low 1.1166
Previous Monthly High 1.1326
Previous Monthly Low 1.1111
Daily Fibonacci 38.2% 1.1189
Daily Fibonacci 61.8% 1.1203
Daily Pivot Point S1 1.1155
Daily Pivot Point S2 1.1131
Daily Pivot Point S3 1.1096
Daily Pivot Point R1 1.1214
Daily Pivot Point R2 1.1249
Daily Pivot Point R3 1.1273

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD remains on the back foot amid ongoing trade concerns

EUR/USD is trading around 1.1150, the lowest in over two weeks. Markets are worried about US-Sino trade tensions as US companies stop working with China's Huawei. European elections are warming up.

EUR/USD News

GBP/USD consolidates its losses amid Brexit pessimism

GBP/USD is trading in the low 1.2700s, close to the lowest since January. UK PM May is set to present a new plan after cross-party talks failed and as calls for her to quit mount.

GBP/USD News

USD/JPY off multi-day tops, looks to test 110.00 ahead of Fedspeak

Japanese growth optimism in play as risk-on fades amid looming US-China trade risks. Eyes on risk sentiment, trade developments and Fed speak for fresh directives.

USD/JPY News

Gold aims to revisit 9-month old support-line near $1272

Gold is on its third negative trading day as it seesaws near $1276.50 ahead of the European open on Monday. Pessimism surrounding the US-China and the US-Iran relations could limit the bullion’s decline near trend-line support.

Gold News

Cryptos stage a Sunday surge, levels to watch – Confluence Detector

Cryptocurrencies have enjoyed a massive comeback early on Sunday, recovering most losses. The cleanup seen ahead of the weekend may be over, and it is time to look up to higher levels. Here are the levels to watch according to the Confluence Detector.

Read more

Majors

Cryptocurrencies

Signatures