Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

Free Trading Guides
Please try again

Live Webinar Events


Economic Calendar Events


Notify me about

Live Webinar Events
Economic Calendar Events






More View More
EUR/USD Technical Analysis: Digesting Losses Near 1.10

EUR/USD Technical Analysis: Digesting Losses Near 1.10

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points:

  • EUR/USD Technical Strategy: Flat
  • Support: 1.0968, 1.0818, 1.0661
  • Resistance:1.1067, 1.1277, 1.1466

The Euro is digesting losses against the US Dollar having broken below a trend line guiding the move higher since mid-April. Near-term support is in the 1.0968-1.10 area (horizontal pivot, 23.6% Fibonacci expansion), with a break below that on a daily closing basis exposing the May 27 low at 1.0818. Alternatively, move back above the trend line, now at 1.1067, opens the door for a challenge of the June 29 high at 1.1277.

The available trading range is too narrow to justify entering a trade in line with our long-term Euro outlook from a risk/reward perspective. With that in mind, we will remain flat for now, waiting for price action to offer a more compelling opportunity down the road.

Add these technical levels directly to your charts with our Support/Resistance Wizard app!

--- Written by Ilya Spivak, Currency Strategist for

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.