- EUR/USD is on the back foot moving below 1.1200 figure.
- The US Housing Starts for April (MoM) came in better-than-expected at 1.1235M vs. 1.20M forecast while Building Permits for the same month came at 1.296M vs. 1.29M also beating expectations. Thus giving the USD a slight boost and sending EUR/USD down.
EUR/USD daily chart
EUR/USD is trading in a bear trend below its main simple moving averages (SMAs).
EUR/USD is once again trading in the notorious 1.1180-1.1200 range below its 200 SMA.
EUR/USD 30-minute chart
The market is trading below its main SMAs suggesting a bearish bias in the short term. If bears can break below 1.1200 support the next destination is likely seen at 1.1180 price level followed then by 1.1140 level. Resistance is seen at 1.1220 and 1.1245 levels.
|Today last price||1.1193|
|Today Daily Change||-0.0011|
|Today Daily Change %||-0.10|
|Today daily open||1.1204|
|Previous Daily High||1.1226|
|Previous Daily Low||1.1178|
|Previous Weekly High||1.1254|
|Previous Weekly Low||1.1166|
|Previous Monthly High||1.1326|
|Previous Monthly Low||1.1111|
|Daily Fibonacci 38.2%||1.1196|
|Daily Fibonacci 61.8%||1.1207|
|Daily Pivot Point S1||1.1179|
|Daily Pivot Point S2||1.1155|
|Daily Pivot Point S3||1.1132|
|Daily Pivot Point R1||1.1227|
|Daily Pivot Point R2||1.125|
|Daily Pivot Point R3||1.1274|
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.