EUR/USD Technical Analysis: Euro ends the week near 1.1300 figure

Flavio Tosti Independent Analyst

EUR/USD daily chart

EUR/USD is trading in a bear trend below its 200-day simple moving average (SMA).

EUR/USD 4-hour chart

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

EUR/USD 30-minute chart

EUR/USD is trading above its main SMAs suggesting a bullish bias in the short-term.
EUR/USD closed the week near 1.1300 figure. The bulls might try to recapture 1.1300 to travel towards 1.1360 resistance.
However, the weakness of late Friday can initially expose 1.1280 and 1.1250 level to the downside.

Additional key levels

EUR/USD

Overview
Today last price	1.13
Today Daily Change	0.0047
Today Daily Change %	0.42
Today daily open	1.1253

Trends
Daily SMA20	1.1276
Daily SMA50	1.1308
Daily SMA100	1.1351
Daily SMA200	1.1452

Levels
Previous Daily High	1.1288
Previous Daily Low	1.1249
Previous Weekly High	1.1256
Previous Weekly Low	1.1184
Previous Monthly High	1.1448
Previous Monthly Low	1.1176
Daily Fibonacci 38.2%	1.1264
Daily Fibonacci 61.8%	1.1274
Daily Pivot Point S1	1.1239
Daily Pivot Point S2	1.1225
Daily Pivot Point S3	1.12
Daily Pivot Point R1	1.1278
Daily Pivot Point R2	1.1303
Daily Pivot Point R3	1.1317

Author

Flavio Tosti

Independent Analyst

EUR/USD looks weak below 1.1800

EUR/USD has slipped back under pressure, breaking through the 1.1800 support and drifting towards the weekly lows near 1.1770 ahead of the opening bell in Asia. The move reflects renewed strength in the US Dollar, with steady geopolitical tensions keeping its demand firm. Moving forward, the release of the German labour market report and flash inflation figures should keep European investors entertained on Friday.

GBP/USD threatens the 200-day SMA near 1.3440

GBP/USD rapidly leaves behind Wednesday’s strong advance, coming under heavy pressure and retesting the 1.3440 zone, where the critical 200-day SMA is located. Cable’s deep pullback follows the strong gains in the Greenback, while investors continue to pencil in a potential BoE rate cut in March.

Gold trims gains, slips back to around $5,170

Gold is now facing some downside pressure, hovering around the $5,170 region on Thursday. The yellow metal surrenders part of its earlier gains on the back of the resurgence of the buying interest in the Greenback. In the meantime, geopolitical tensions in the Middle East continue to limit the downside potential for now.