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EUR/USD Technical Analysis: Euro dwelling in the middle-of-nowhere post-NFP

EUR/USD daily chart

  • EUR/USD is trading in a bear trend below the 200-day simple moving averages (SMAs).
  • The US nonfarm payrolls exceeded expectations with 304K vs. 165K forecast.
  • However, the price action on EUR/USD is mixed as investors are undecided where to go next.

EUR/USD 4-hour chart

  • EUR/USD is trading above its main SMAs suggesting a bullish bias in the medium-term.

EUR/USD 30-minute chart

  • EUR/USD is trading near the daily highs after the release of the NFP. 
  • EUR/USD is above its main SMAs suggesting a slight bullish bias. The level to beat for bulls is 1.1500 figure. 
  • To the downside, bears will be looking at the 1.1440, 1.1400 and 1.1350 level. 

Additional key levels

EUR/USD

Overview:
    Today Last Price: 1.1474
    Today Daily change: +29 pips
    Today Daily change %: 0.25%
    Today Daily Open: 1.1445
Trends:
    Daily SMA20: 1.1424
    Daily SMA50: 1.1394
    Daily SMA100: 1.1444
    Daily SMA200: 1.1564
Levels:
    Previous Daily High: 1.1516
    Previous Daily Low: 1.1436
    Previous Weekly High: 1.1418
    Previous Weekly Low: 1.1289
    Previous Monthly High: 1.1586
    Previous Monthly Low: 1.1289
    Daily Fibonacci 38.2%: 1.1466
    Daily Fibonacci 61.8%: 1.1485
    Daily Pivot Point S1: 1.1415
    Daily Pivot Point S2: 1.1386
    Daily Pivot Point S3: 1.1336
    Daily Pivot Point R1: 1.1495
    Daily Pivot Point R2: 1.1545
    Daily Pivot Point R3: 1.1575

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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