18 Nov 2019
EUR/USD Technical Analysis: Euro advances to 2.5-week highs, nearing the 1.1100 handle
- The Euro is continuing the correction up which started last week.
- The next main resistance is seen at the 1.1110 level.
EUR/USD daily chart
The Euro, on the daily chart, is trading in a bear trend below downward sloping 100 and 200-day simple moving averages (DMAs). This Monday, the market is continuing the correction that started last week.
EUR/USD four-hour chart
The spot broke above the 1.1075 resistance and the main SMAs, opening the gates to further gains towards the 1.1110 and 1.1150 levels, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
EUR/USD is spiking while above its main SMAs, suggesting a bullish bias in the near term. Support is seen at the 1.1075, 1.1050, 1.1032 and 1.1016 support levels.
Additional key levels