EUR/USD techncial analysis: Fiber near daily lows and 1.1220 post-Consumer Sentiment Index


  • EUR/USD erased Fed’s William inspired gains seen on Thursday.
  • The market is having no significant reaction after the release of the Michigan Consumer Sentiment Index.

EUR/USD daily chart
 

EUR/USD is trading in a bear trend below its main daily simple moving averages (DSMAs). The Michigan Consumer Sentiment Index (July) came in just below expecation at 98.4 vs. 98.5 forecast.

EUR/USD 4-hour chart


 
EUR/USD is challenging 1.1220 support while below the main SMAs. Bears want to break below the level and reach 1.1200 and 1.1160, according to the Technical Confluences Indicator.

EUR/USD 30-minute chart
 

EUR/USD is trading below its main SMAs suggesting bearish momentum in the near term. Immediate resistance can be seen at 1.1255 and 1.1290, according to the Technical Confluences Indicator.

 
Additional key levels

EUR/USD

Overview
Today last price 1.1229
Today Daily Change -0.0049
Today Daily Change % -0.43
Today daily open 1.1278
 
Trends
Daily SMA20 1.1289
Daily SMA50 1.1246
Daily SMA100 1.1251
Daily SMA200 1.132
Levels
Previous Daily High 1.1281
Previous Daily Low 1.1205
Previous Weekly High 1.1286
Previous Weekly Low 1.1193
Previous Monthly High 1.1414
Previous Monthly Low 1.116
Daily Fibonacci 38.2% 1.1252
Daily Fibonacci 61.8% 1.1234
Daily Pivot Point S1 1.1229
Daily Pivot Point S2 1.118
Daily Pivot Point S3 1.1154
Daily Pivot Point R1 1.1304
Daily Pivot Point R2 1.133
Daily Pivot Point R3 1.138

 

 

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