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29 Jul 2019
EUR/USD technical analysis: Fiber clings to daily gains near daily highs, above 1.1134 level
- EUR/USD is clinging to its daily gains above the 1.1134 support.
- On the flip side, the yearly low at 1.1101 remains the key level to beat for sellers.
EUR/USD daily chart
EUR/USD is trading in a bear trend below its main daily simple moving averages (DSMAs). The market is in consolidation mode for the 4th day in row hovering near multi-month lows.
EUR/USD 4-hour chart
EUR/USD is trading below its main SMAs, suggesting bearish momentum in the medium term. A breakout below the 1.1101 support (2019 low) is essential for bears. If broken then 1.1064, 1.1029 and 1.1006 could become the next targets, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
Fiber broke above 1.1134 resistance and its main SMAs suggesting potential bullish momentum in the short term. Looking up, buyers will need to overcome 1.1151 to reach 1.1180 and the 1.1200 level, according to the Technical Confluences Indicator.
Additional key levels