EUR/USD technical analysis: Euro under pressure near 1.1215 ahead of Fed’s Powell speech

  • EUR/USD is hovering near the daily lows as bears challenge the 1.1215 level.
  • The level to beat for bears is at 1.1215 followed by 1.1160 to the downside.

EUR/USD daily chart

EUR/USD is in a bear trend below the 1.1300 handle and its main daily simple moving average (DSMA). ECB’s Villeroy dovish comments are keeping the sentiment negative on EUR. On the other hand, US Retail Sales in June came better-than-expected strengthening the USD. Market participants are going to pay close attention the Fed’s chair Powell speech at 17.00 GMT. 

EUR/USD 4-hour chart

EUR/USD is trading near 1.1215 support while below its main SMAs. The bears want to break below this level to potentialy reach 1.1160, according to the Technical Canfluences Indicator.

EUR/USD 30-minute chart

EUR/USD is trading at daily lows near 1.1215 support below the main SMAs, all-in-all suggesting a bearish bias. Immediate resistances are seen near 1.1250 and 1.1320. 

Additional key levels


Today last price 1.1214
Today Daily Change -0.0044
Today Daily Change % -0.39
Today daily open 1.1258
Daily SMA20 1.1289
Daily SMA50 1.1244
Daily SMA100 1.1255
Daily SMA200 1.1325
Previous Daily High 1.1286
Previous Daily Low 1.1253
Previous Weekly High 1.1286
Previous Weekly Low 1.1193
Previous Monthly High 1.1414
Previous Monthly Low 1.116
Daily Fibonacci 38.2% 1.1265
Daily Fibonacci 61.8% 1.1273
Daily Pivot Point S1 1.1246
Daily Pivot Point S2 1.1233
Daily Pivot Point S3 1.1214
Daily Pivot Point R1 1.1278
Daily Pivot Point R2 1.1298
Daily Pivot Point R3 1.1311



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD drops below 1.11 amid upbeat US data, trade concerns

EUR/USD is trading below 1.11 after robust US housing figures and solid consumer sentiment figures were published. Earlier, the common currency suffered from the concerns of new US tariffs on the EU.


GBP/USD down 100 pips after UK retail sales badly disappoint, amid USD strength

GBP/USD has plunged below 1.3050 after UK retail sales badly disappointed with a fall of 0.6% in December, on top of downward revisions. Odds of a BOE cut have risen.


Crypto market hyperspace mode On

The secondary actors of the crypto-sphere awaken and rally hard. Leading coins battle with greater resistance at the gates of a full bullish market. The only risk is an over-shoot, but that sentiment remains neutral.

Read more

Gold looks to close week flat below $1560

The XAU/USD pair climbed to a fresh daily high of $1560 in the early trading hours of the American session but struggled to preserve its momentum.

Gold News

USD/JPY: Losing bullish momentum but retaining gains

Chinese encouraging data kept markets in risk-on mode at the beginning of the day. The US January Michigan Consumer Sentiment Index is seen at 99.3, matching December figure. USD/JPY holding at the upper end of its weekly range could correct lower.