• Euro post modest gains versus US Dollar, remains limited by 1.1330. 
  • Weaker greenback supports upside in EUR/USD. 

The EUR/USD rose further after the beginning of the American session and reached a fresh daily high at 1.1330. As of writing, trades at 1.1325/28, holding a bullish intraday bias. The upside is being supported by a decline of the US dollar across the board. 

The greenback is correcting after Friday’s rally. The DXY dropped from 96.65 to 96.44, trimming last week gains. Gold is rising sharply to fresh weekly highs while equity prices in Wall Street are mixed. Volatility in the currency market remains lows even in Pound’s crosses despite the statement from UK PM May that there is not support in the House of Commons to hold a third vote on her Brexit deal.

Earlier today, the euro received a boost following the German IFO report and then rose further on the back of a weaker US dollar. “The major short-term theme centers around the intersection of global growth and risk markets. There is a high noise to signal ratio in regards to the former, helping to contain volatility. The German Ifo, for instance, reduced some of the PMI-inspired worries, though it does little to alter the neutral trading stance of EUR/USD”, wrote TDS analysts. 

EUR/USD Levels to watch 

To the upside, immediate resistance is seen at 1.1330 followed by 1.1360 (100-day moving average) and 1.1390 (Mar 22 high). On the flip side, support could be located at 1.1305 (20-hour moving average), 1.1270/75 (Mar 22 low) and 1.1245 (Mar 8 high). 


Today last price 1.1328
Today Daily Change 0.0024
Today Daily Change % 0.21
Today daily open 1.1304
Daily SMA20 1.1326
Daily SMA50 1.1353
Daily SMA100 1.1368
Daily SMA200 1.1479
Previous Daily High 1.1392
Previous Daily Low 1.1273
Previous Weekly High 1.1448
Previous Weekly Low 1.1273
Previous Monthly High 1.1489
Previous Monthly Low 1.1234
Daily Fibonacci 38.2% 1.1318
Daily Fibonacci 61.8% 1.1346
Daily Pivot Point S1 1.1255
Daily Pivot Point S2 1.1205
Daily Pivot Point S3 1.1136
Daily Pivot Point R1 1.1373
Daily Pivot Point R2 1.1441
Daily Pivot Point R3 1.1491


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.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD drops below 1.11 amid upbeat US data, trade concerns

EUR/USD is trading below 1.11 after robust US housing figures and solid consumer sentiment figures were published. Earlier, the common currency suffered from the concerns of new US tariffs on the EU.


GBP/USD down 100 pips after UK retail sales badly disappoint, amid USD strength

GBP/USD has plunged below 1.3050 after UK retail sales badly disappointed with a fall of 0.6% in December, on top of downward revisions. Odds of a BOE cut have risen.


Crypto market hyperspace mode On

The secondary actors of the crypto-sphere awaken and rally hard. Leading coins battle with greater resistance at the gates of a full bullish market. The only risk is an over-shoot, but that sentiment remains neutral.

Read more

Gold looks to close week flat below $1560

The XAU/USD pair climbed to a fresh daily high of $1560 in the early trading hours of the American session but struggled to preserve its momentum.

Gold News

USD/JPY: Losing bullish momentum but retaining gains

Chinese encouraging data kept markets in risk-on mode at the beginning of the day. The US January Michigan Consumer Sentiment Index is seen at 99.3, matching December figure. USD/JPY holding at the upper end of its weekly range could correct lower.