EUR/USD technical analysis: Fiber enters the New York session below the 1.1200 handle

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  • EUR/USD is trading within a small daily range at the start of the New York session. 
  • The key level to beat for bears is the 1.1160 support. 
 

EUR/USD daily chart

 
EUR/USD is keeping the range theme intact for the seventh consecutive days. On the daily time-frame, the common currency is capped by the 1.1220/55 resistances as well as the 50/100-day simple moving averages (DSMAs). 
 

EUR/USD 4-hour chart

 
EUR/USD is ranging between the 1.1255 resistance and the 1.1160 support while the market is trading below a downward sloping 200 SMA and below a rising 50 SMA. Bears will need to break below the 1.1173 support and most importantly below 1.1160 to confirm a bearish bias in the medium term. 
  
 

EUR/USD 30-minute chart

 
The market is trading below its main SMAs, suggesting a bearish bias in the near term. Immediate resistances are seen at 1.1200 and 1.1220, according to the Technical Confluences Indicator. 
 
 

Additional key levels

 

 

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