EUR/USD consolidates around 1.1360, near last week lows as UK PM May speaks at Parliament
|- Euro unchanged against the US dollar, trades near Friday’s close.
- DXY steady at 2-week highs above 96.00.
- Brexit: UK PM May speaks at the Parliament.
The EUR/USD pair bottomed during the US session at 1.1355, slightly above last week lows. It is trading in a small range between 1.1355 and 1.1370.
It is unchanged from Friday’s close. Earlier today, it rose to 1.1400 and turned to the downside. The negative momentum continues to prevail, but so far the euro has been able to hold on top of 1.1350. A break lower could clear the way to more losses. On the upside, a recovery above 1.1380 would remove the intraday negative momentum and point to a test of 1.1400.
The US Dollar Index is hovering around 96.35, marginally lower for the day. It pulled back after hitting at 96.44, the strongest level since January 4.
Volatility could remain low over the next hours taking into account that it is a holiday in the US (Martin Luther King Jr. Day). At the time of writing, PM May is at the Parliament exposing his Brexit Plan B.
Earlier today, the International Monetary Fund released its latest World Economic Outlook Update. In it lowered Eurozone area growth forecasts to 1.6% from 1.9% of the previous reports published in October.
EUR/USD Levels
EUR/USD
Overview:
Today Last Price: 1.1363
Today Daily change: -0.0002 pips
Today Daily change %: -0.02%
Today Daily Open: 1.1365
Trends:
Daily SMA20: 1.143
Daily SMA50: 1.1386
Daily SMA100: 1.1463
Daily SMA200: 1.1604
Levels:
Previous Daily High: 1.1412
Previous Daily Low: 1.1353
Previous Weekly High: 1.1491
Previous Weekly Low: 1.1353
Previous Monthly High: 1.1486
Previous Monthly Low: 1.1269
Daily Fibonacci 38.2%: 1.1375
Daily Fibonacci 61.8%: 1.1389
Daily Pivot Point S1: 1.1341
Daily Pivot Point S2: 1.1318
Daily Pivot Point S3: 1.1283
Daily Pivot Point R1: 1.14
Daily Pivot Point R2: 1.1435
Daily Pivot Point R3: 1.1458
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