EUR/USD losses momentum under 1.2100 and retreats

  • EUR/USD fails to recover the 1.2100 zone.
  • US: House prices and consumer confidence above expectations.

The EUR/USD peaked at 1.2092 hours ago and then pulled back. It is hovering around 1.2075/80, modestly lower for the day. The euro is also falling versus the Swiss franc and the pound.

The US Dollar is posting mixed results with the DXY at 90.85. US yields are modesty higher. The 10-year yield stands at 1.59%, supporting the greenback. Economic data came in better than expected. The Conference Board’s consumer confidence index climbed to the highest in a year at 121.7 and the S&P/Case-Shiller index rose 11.9% in January from a year ago.

Short-term outlook

The EUR/USD is holding above the 1.2075, the 20-hour moving average; a break lower would turn the intraday outlook to negative, exposing the daily low around 1.2055. On the upside, a break above 1.2100 would strengthen the euro that could extend the move for a test of the weekly top at 1.2110.

Technical levels


Today last price 1.2081
Today Daily Change -0.0005
Today Daily Change % -0.04
Today daily open 1.2086
Daily SMA20 1.1923
Daily SMA50 1.1955
Daily SMA100 1.2056
Daily SMA200 1.1933
Previous Daily High 1.2117
Previous Daily Low 1.2061
Previous Weekly High 1.21
Previous Weekly Low 1.1943
Previous Monthly High 1.2113
Previous Monthly Low 1.1704
Daily Fibonacci 38.2% 1.2082
Daily Fibonacci 61.8% 1.2096
Daily Pivot Point S1 1.2059
Daily Pivot Point S2 1.2032
Daily Pivot Point S3 1.2003
Daily Pivot Point R1 1.2115
Daily Pivot Point R2 1.2144
Daily Pivot Point R3 1.217



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