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29 Oct 2019
EUR/USD technical analysis: Euro clings to daily highs above the 1.1100 handle
- This Tuesday, the Fiber is picking up some steam challenging the 1.1109 resistance.
- Support is seen at the 1.1092 and 1.1075 price levels.
EUR/USD daily chart
On the daily chart, the Euro is trading in a bear trend below its 100 and 200-day simple moving averages (DMAs). The primary macroeconomic event of the week is likely going to be the Fed Interest Rate Decision on Wednesday.
EUR/USD four-hour chart
The Euro, on the four-hour chart, is trading above its 100 and 200 SMAs while challenging the 1.1109 resistance. A daily close above the level can lead to further strength towards 1.1120, 1.1135 and 1.1167 resistance levels, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
The exchange rate is trading above its main SMAs on the 30-minute chart, suggesting a potential bullish bias in the near term. Support is seen at 1.1092 and 1.1075 price levels.
Additional key levels