EUR/USD Technical Analysis: Euro near 1.1350 post-ECB Minutes

Flavio Tosti Independent Analyst

EUR/USD daily chart

EUR/USD is evolving in a bear trend below the 200-day simple moving average (SMA).
The ECB minutes of the January meeting confirmed the ECB's increasing concerns regarding the economic slowdown. The confidence indicators though might prevent the central bank from twitching at the March meeting.

EUR/USD 4-hour chart

EUR/USD is currently testing the 100 SMA.

https://editorial.azureedge.net/miscelaneous/240-636863521070614833.png

EUR/USD 30-minute chart

EUR/USD is trading above its main SMAs suggesting bullish momentum.
A break above 1.1360 should reach 1.1380 and 1.1400 figure to the upside.
Looking down, support is at 1.1320 and 1.1280 key level.

Additional key levels:

EUR/USD

Overview:
    Today Last Price: 1.1354
    Today Daily change: 14 pips
    Today Daily change %: 0.12%
    Today Daily Open: 1.134
Trends:
    Daily SMA20: 1.1366
    Daily SMA50: 1.1392
    Daily SMA100: 1.1399
    Daily SMA200: 1.1521
Levels:
    Previous Daily High: 1.1373
    Previous Daily Low: 1.1325
    Previous Weekly High: 1.1344
    Previous Weekly Low: 1.1234
    Previous Monthly High: 1.1586
    Previous Monthly Low: 1.1289
    Daily Fibonacci 38.2%: 1.1343
    Daily Fibonacci 61.8%: 1.1354
    Daily Pivot Point S1: 1.1319
    Daily Pivot Point S2: 1.1298
    Daily Pivot Point S3: 1.1272
    Daily Pivot Point R1: 1.1367
    Daily Pivot Point R2: 1.1393
    Daily Pivot Point R3: 1.1414

Author

Flavio Tosti

Independent Analyst

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