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27 Aug 2019
EUR/USD technical analysis: Fiber stuck near 1.1100 handle in the first part of the New York session
- EUR/USD is trading quietly near 1.1100 at the start of the New York session.
- Market uncertainty can see the Fiber stuck in a range between 1.1098 and 1.1134 in the near term.
EUR/USD daily chart
On the daily time-frame, the single currency is trading in a bear trend below the main daily simple moving averages (DSMAs).
EUR/USD 4-hour chart
The Fiber is stuck between the 1.1098 support and 1.1117 resistance while above the 50 SMA. If the sellers have a sustained breakout below 1.1098 the market may drop towards the 1.1080 and 1.1052 levels, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
EUR/USD is trading in the middle of its daily range currently supported by the 1.1098 support and the 200 SMA. However, bulls have much work to do as they need to break 1.1117 strong resistance followed by the 1.1134 level, according to the Technical Confluences Indicator.
Additional key levels