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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 price1.0982
Today Daily Change59
Today Daily Change %-0.33
Today daily open1.1018
 
Trends
Daily SMA201.1039
Daily SMA501.111
Daily SMA1001.1176
Daily SMA2001.1253
 
Levels
Previous Daily High1.1068
Previous Daily Low1.0996
Previous Weekly High1.1084
Previous Weekly Low1.099
Previous Monthly High1.1251
Previous Monthly Low1.0962
Daily Fibonacci 38.2%1.1024
Daily Fibonacci 61.8%1.104
Daily Pivot Point S11.0987
Daily Pivot Point S21.0956
Daily Pivot Point S31.0916
Daily Pivot Point R11.1059
Daily Pivot Point R21.1099
Daily Pivot Point R31.113

Author

Pablo Piovano

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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