EUR/USD technical analysis: Euro dipping below 1.1200 on US data


  • 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 4-hour chart

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.


Additional key levels

EUR/USD

Overview
Today last price 1.1193
Today Daily Change -0.0011
Today Daily Change % -0.10
Today daily open 1.1204
 
Trends
Daily SMA20 1.1201
Daily SMA50 1.1246
Daily SMA100 1.1316
Daily SMA200 1.1398
Levels
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

 

 

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Feed news

Editors’ Picks

EUR/USD recovery reaches critical 1.1170 price zone

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USD/JPY slumps to mid-109s as 10-year US T-bond yield drops 4% today

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USD/JPY News

Market confidence in doldrums as PMI surveys plummet

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Editors' pick

EUR/USD recovery reaches critical 1.1170 price zone

The EUR/USD pair bounced from a fresh multi-year low of 1.1106, although the advance stalled in the 1.1170 region, with the pair having been unable to extend gains beyond it since last Friday. Bulls to become more courageous if the advance extends beyond 1.1200.

EUR/USD News

GBP/USD modestly up for the day after flirting with 1.2600

The GBP/USD pair is poised to close in positive ground for the first time in ten days, a result of an extremely overbought dollar and US data giving bulls a reason to take some profits out of the table. Brexit chaos persists, Pound gains unlikely.

GBP/USD News

USD/JPY slumps to mid-109s as 10-year US T-bond yield drops 4% today

The bearish pressure surrounding the USD/JPY pair gathered strength in the American trading hours and dragged the USD/JPY pair to a weekly low of 109.50.

USD/JPY News

Market confidence in doldrums as PMI surveys plummet

US and German PMI surveys failed to muster any form of confidence in the growth picture, with stocks and the dollar under pressure today. The UK political picture looks bleak, with the chances of a no-deal Brexit or general election rising with May’s departure. 

Read more

Gold jumps to weekly tops and retreats, still well bid near $1280 level amid risk-off mood

Gold built on its intraday positive move and spiked to fresh weekly tops, around the $1284 region in the last hour, albeit retreated a bit thereafter.

Gold News

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