EUR/USD Technical Analysis: The outlook remains bearish below the resistance line at 1.1067


  • EUR/USD has picked up further downside pressure on Monday in response to another wave of disappointing PMI results in the euro area.
  • Today’s breakdown of the key support at 1.1000 the figure should open the door for extra weakness to the 2019 low at 1.0926 in the near term.
  • Looking at the broader picture, while below the 3-month resistance line, today at 1.1067, the negative view is expected to remain unchanged.

EUR/USD daily chart 

EUR/USD

Overview
Today last price 1.0982
Today Daily Change 59
Today Daily Change % -0.33
Today daily open 1.1018
 
Trends
Daily SMA20 1.1039
Daily SMA50 1.111
Daily SMA100 1.1176
Daily SMA200 1.1253
 
Levels
Previous Daily High 1.1068
Previous Daily Low 1.0996
Previous Weekly High 1.1084
Previous Weekly Low 1.099
Previous Monthly High 1.1251
Previous Monthly Low 1.0962
Daily Fibonacci 38.2% 1.1024
Daily Fibonacci 61.8% 1.104
Daily Pivot Point S1 1.0987
Daily Pivot Point S2 1.0956
Daily Pivot Point S3 1.0916
Daily Pivot Point R1 1.1059
Daily Pivot Point R2 1.1099
Daily Pivot Point R3 1.113

 

 

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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!


Latest Forex News

Editors’ Picks

EUR/USD hits three-month highs above 1.1150 amid relentless USD selling

EUR/USD extends the advance above 1.1150, hitting fresh three-month highs amid relentless US dollar selling and the upbeat market mood. The focus remains on the Eurozone/ US PMIs.

EUR/USD News

GBP/USD recedes from three-week top above 1.2400, UK Manufacturing PMI eyed

GBP/USD prints three-day winning streak amid broad US dollar weakness. Calls of further help to British employees add to the upside momentum. Downbeat Brexit headlines confront the UK’s coronavirus optimism. The UK/US PMIs will join qualitative catalysts.

GBP/USD News

FX Today: USD hit by escalating US riots, risk-on mood; US ISM PMI eyed amid light trading

The US dollar took a beating across the board starting out a new month/ week, as markets breathed a sigh of relief on the US’ softer stance on China. The dollar weakness was also backed by the escalating riots in the US cities, with curfews imposed on major cities. 

Read more

Gold: Teasing a rectangle breakout, $1750 in sight

Gold bulls gathering pace for the next push higher. The extension of last week’s rally in the yellow metal is mainly driven by the sell-off in the US dollar across the board, in the wake of US-China trade war relief and escalating US riots.

Gold News

WTI: Overbought RSI challenges the bulls above $35.50

WTI seesaws around 7-week-old resistance line, retreats from highest since March 11. A short-term ascending trend line on the bears’ radars during the pullback. 100-day SMA, 61.8% Fibonacci retracement together offers strong upside barrier.

Oil News

Forex MAJORS

Cryptocurrencies

Signatures