15 Oct 2019
EUR/USD technical analysis: Euro easing from daily highs, trading near 1.1020 level
- Brexit headlines pushed the Euro back above the 1.1000 handle.
- Euro is on a rollercoaster, now stabilizing above the 1.1020 level.
EUR/USD daily chart
On the daily chart, the shared currency is trading in a bear trend below the main daily simple moving averages (DSMAs). The Euro got a boost as optimism over a Brexit deal draft took over the market.
EUR/USD four-hour chart
The Euro is trading above the main SMAs, suggesting bullish momentum in the medium term. EUR/USD is consolidating last week’s advance above the 1.1000 figure and the 200 SMA. A break of 1.1067 resistance can lead to 1.1100, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
The Fiber is trading above its main SMAs, suggesting bullish momentum in the near term. Support is seen at the 1.1020 and 1.1000 price levels. A daily close below the 1.1000 could be seen as a bearish sign in the near term.
Additional key levels