Home EUR/USD technical analysis: Fiber consolidates Tuesday’s losses near 1.1148 resistance
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EUR/USD technical analysis: Fiber consolidates Tuesday’s losses near 1.1148 resistance

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  • EUR/USD is consolidating the losses seen on Tuesday.  
  • The level to beat for bears is 1.1130 followed by 1.1101 support.  

EUR/USD daily chart

 
EUR/USD is trading in a bear trend below the main daily simple moving averages (DSMAs). The market is consolidating the steep decline seen on Tuesday.  


EUR/USD 4-hour chart

 
The market is trading near 1.1148 resistance and the main SMAs, suggesting bearish momentum. Sellers want to break below 1.1130 support to reach 1.1101 and 1.1067 on the way down, according to the Technical Confluences Indicator.  


EUR/USD 30-minute chart

 
EUR/USD is below its main SMAs suggesting a bearish bias in the near term. EUR/USD can find immediate resistance at 1.1148, 1.1166, 1.1194 and further up 1.1217, according to the Technical Confluences Indicator.


Additional key levels

 

 

 

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