20 Nov 2019
EUR/USD Technical Analysis: Euro entering the Asian session above the 1.1075 level
- The market is consolidating the recent gains above the 1.1075 level.
- Resistances can be seen at the 1.1110 and 1.1150 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).
EUR/USD four-hour chart
The market is trading above the 1.1075 level and the main SMAs. As the bullish pressure remains present above 1.1075, there is the potential for a move up to the 1.1110 and 1.1150 levels, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
EUR/USD is trading 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