• The shared currency advances against the greenback, up some 0.10%.
  • The US Dollar Index, which measures the buck’s performance against six rivals, is flat at 96.16.
  • EUR/USD: Mild bearish, but it needs a break below the 50-SMA to resume the downward move.

After seesawing before the Wall Street open on US macroeconomic data, the EUR/USD advances modestly, up some 0.10%, trading at 1.1309 during the New York session at the time of writing. The market sentiment is downbeat, as portrayed by US equity indices falling, between 0.77% and 2.61%. Furthermore, in the bond market, US bond yields aim downward. Contrarily the greenback is flat during the day, with the US Dollar Index sitting at 96.16, unchanged.

The EUR/USD remained subdued during the overnight session, in a narrow range between 1.1280-1.1307 range, ahead of the US Nonfarm Payrolls release. However, once the NFP crossed the wires, the pair seesawed around 1.1332-1.265, settling at 1.1300.

EUR/USD Price Forecast: Technical outlook

The EUR/USD 4-hour chart shows that the pair has a downward bias. While the 50-simple moving average (SMA) is below the spot price, the 100 and the 200-SMA reside above the spot price, confirming the abovementioned. The pair has been range-bound between the 50 and the 100-SMA, each lying at 1.1280-1.1315, with no clear direction, and as the New York session winds down, it seems the EUR/USD would remain trapped at it.

In the outcome of a break above the 100-SMA, the first supply zone would be the November 30 high at 1.1382. The breach of the latter would open the way for further upside, with 1.1400 as the next resistance, followed by the confluence of the 200-SMA and the November 15 high at around the 1.1450-70 range.

On the other hand, a break under the 50-SMA would expose the 1.1200 figure, followed by the year-to-date low at the  November 24 low at 1.1186.


Today last price 1.1309
Today Daily Change 0.0011
Today Daily Change % 0.10
Today daily open 1.1298
Daily SMA20 1.1362
Daily SMA50 1.1509
Daily SMA100 1.1648
Daily SMA200 1.1821
Previous Daily High 1.1348
Previous Daily Low 1.1295
Previous Weekly High 1.1324
Previous Weekly Low 1.1186
Previous Monthly High 1.1616
Previous Monthly Low 1.1186
Daily Fibonacci 38.2% 1.1315
Daily Fibonacci 61.8% 1.1328
Daily Pivot Point S1 1.128
Daily Pivot Point S2 1.1262
Daily Pivot Point S3 1.1228
Daily Pivot Point R1 1.1332
Daily Pivot Point R2 1.1366
Daily Pivot Point R3 1.1385



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news Join Telegram

Recommended content

Recommended content

Editors’ Picks

EUR/USD holds steady below 1.0200 ahead of EU Sentix

EUR/USD holds steady below 1.0200 ahead of EU Sentix

EUR/USD is treading water below 1.0200 in early Europe. Moody’s cut Italy’s credit rating amid political jitters, Investors assess the US NFP-led big Fed rate hike bets. US-China tensions over Taiwan underpin the US dollar’s safe-haven demand. EU Sentix awaited. 


GBP/USD advances towards 1.2100 amid cautious optimism

GBP/USD advances towards 1.2100 amid cautious optimism

GBP/USD is edging higher towards 1.2100, underpinned by a steady US dollar amid a cautiously optimistic market mood. Bumper US NFP data ramped up aggressive Fed tightening expectations. UK political woes and a dovish BOE rate hike could cap the pound's upside. 


Gold could challenge $1,750, with big Fed rate hike bets back in play

Gold could challenge $1,750, with big Fed rate hike bets back in play

Gold price rejection at $1,795 recalls sellers, with eyes on $1,750 support again. US NFP blowout jacks up 75 bps Sept Fed rate hike bets to around 70%. The US dollar is likely to remain underpinned at the start of the inflation week.

Gold News

If Tezos price clears this significant hurdle, XTZ holders are in for a treat

If Tezos price clears this significant hurdle, XTZ holders are in for a treat

Tezos price shows a steady grind toward its forecasted target. This development comes after a successful breakout from a bullish pattern. 

Read more

FXStreet Premium users exceed expectations

FXStreet Premium users exceed expectations

Tap into our 20 years Forex trading experience and get ahead of the markets. Maximize our actionable content, be part of our community, and chat with our experts. Join FXStreet Premium today!