19 Nov 2019
EUR/USD Technical Analysis: Euro clings to daily highs above the 1.1075 level
- This Tuesday, the Euro is extended the correction up, which started last week.
- Resistances are seen at the 1.1110 and 1.1150 levels.
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 Tuesday, the market keeps extending the correction, which started last week.
EUR/USD four-hour chart
The spot is trading above the 1.1075 level and the main SMAs. As the bullish pressure remains unabated, the correction up could reach the 1.1110 and 1.1150 levels, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
EUR/USD is challenging the daily highs while above its main SMAs, suggesting a bullish bias in the near term. Support is seen at the 1.1075, 1.1050 and 1.1032 price levels.
Additional key levels