EUR/USD Technical Analysis: Euro tumbles to daily lows post-US inflation


EUR/USD daily chart

  • EUR/USD is trading in a bear trend below the 200 SMA.
  • The US CPI (Consumer Price Index) matched market expectations at 2.2% for December y/y. 

EUR/USD 4-hour chart.

  • EUR/USD is trading above its main SMAs.

EUR/USD 30-minute chart

  • Bears are now testing the 1.1500 figure and the 200 SMA.
  • The next objective for sellers is most likely the 1.1470 and 1.1440 level followed by 1.1400 the figure. 

Additional key levels

EUR/USD

Overview:
    Today Last Price: 1.1488
    Today Daily change: -10 pips
    Today Daily change %: -0.0870%
    Today Daily Open: 1.1498
Trends:
    Previous Daily SMA20: 1.1415
    Previous Daily SMA50: 1.1383
    Previous Daily SMA100: 1.1478
    Previous Daily SMA200: 1.1631
Levels:
    Previous Daily High: 1.1571
    Previous Daily Low: 1.1485
    Previous Weekly High: 1.1586
    Previous Weekly Low: 1.1309
    Previous Monthly High: 1.1486
    Previous Monthly Low: 1.1269
    Previous Daily Fibonacci 38.2%: 1.1518
    Previous Daily Fibonacci 61.8%: 1.1538
    Previous Daily Pivot Point S1: 1.1465
    Previous Daily Pivot Point S2: 1.1431
    Previous Daily Pivot Point S3: 1.1378
    Previous Daily Pivot Point R1: 1.1552
    Previous Daily Pivot Point R2: 1.1605
    Previous Daily Pivot Point R3: 1.1638

 

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