19 Nov 2019
EUR/USD Technical Analysis: Euro easing from daily highs, trades near 1.1075 level
- This Monday, the Euro extended the correction up which started last week.
- Resistances are seen at the 1.1075 and 1.1110 levels.
EUR/USD daily chart
The Fiber, on the daily chart, is trading in a downtrend below downward sloping 100 and 200-day simple moving averages (DMAs). This Monday, the market extended the correction, which started last week.
EUR/USD four-hour chart
The spot is trading near the 1.1075 resistance and above the 50 and 200 SMAs. If there is a follow-through on Tuesday, 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 retracing down while above its main SMAs, suggesting a bullish bias in the near term. Support is seen at the 1.1050, 1.1032 and 1.1016 price levels.
Additional key levels