EUR/USD technical analysis: Euro consolidating near 1.1200 after knee-jerk reaction on Trump comment


  • Earlier on Wednesday, it has been reported that US President Trump was planning to delay tariffs on European car imports for six months. EUR/USD jumped to the 1.1223 level on the comment.
  • EUR/USD remains stuck near the notorious 1.1200 figure with a bearish bias. 

EUR/USD daily chart

EUR/USD is trading in a bear trend below its main simple moving averages (SMAs). 


EUR/USD 4-hour chart

EUR/USD is trading near 1.1200 while below its 200 SMA.

EUR/USD 30-minute chart

The market is trading below the 100 and 200 SMAs suggesting a bearish bias in the short term. The market is currently in the process of erasing the sudden bull spike. If sellers can to break below 1.1200 the next support is likely seen at 1.1180 price level followed by 1.1140 level. Resistance is at 1.1220 and 1.1245 levels.


Additional key levels

EUR/USD

Overview
Today last price 1.1206
Today Daily Change 0.0000
Today Daily Change % 0.00
Today daily open 1.1206
 
Trends
Daily SMA20 1.1206
Daily SMA50 1.1248
Daily SMA100 1.1318
Daily SMA200 1.14
Levels
Previous Daily High 1.1246
Previous Daily Low 1.1201
Previous Weekly High 1.1254
Previous Weekly Low 1.1166
Previous Monthly High 1.1326
Previous Monthly Low 1.1111
Daily Fibonacci 38.2% 1.1218
Daily Fibonacci 61.8% 1.1229
Daily Pivot Point S1 1.1189
Daily Pivot Point S2 1.1173
Daily Pivot Point S3 1.1145
Daily Pivot Point R1 1.1234
Daily Pivot Point R2 1.1262
Daily Pivot Point R3 1.1278

 

 

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