EUR/USD technical analysis: Fiber dips near daily lows post-US inflation


  • The US core inflation (YoY) missed expectations slightly coming in at 2.0% vs. 2.1% forecast.
  • USD is gaining moderate strength as EUR/USD is unable so far to break beyond 1.1340 weekly high.

EUR/USD daily chart

EUR/USD is trading in a bear trend below its 200 simple moving averages (SMAs). 

EUR/USD 4-hour chart
 

The market is currently rejecting the weekly high near 1.1340. 


EUR/USD 30-minute chart

The market is trading in a tight range. Fiber is at daily lows below its 50 and 100 SMAs. A sustained break below 1.1300 would be seen as bearish. Further down lies 1.1250 and 1.1200 figure. A daily close above 1.1340 would be considered as bullish opening the gates towards 1.1400.


Additional key levels

EUR/SEK

Overview
Today last price 10.678
Today Daily Change -0.0285
Today Daily Change % -0.27
Today daily open 10.7065
 
Trends
Daily SMA20 10.6902
Daily SMA50 10.6221
Daily SMA100 10.5475
Daily SMA200 10.4365
Levels
Previous Daily High 10.7085
Previous Daily Low 10.6465
Previous Weekly High 10.6688
Previous Weekly Low 10.5893
Previous Monthly High 10.8505
Previous Monthly Low 10.5925
Daily Fibonacci 38.2% 10.6848
Daily Fibonacci 61.8% 10.6702
Daily Pivot Point S1 10.6658
Daily Pivot Point S2 10.6252
Daily Pivot Point S3 10.6038
Daily Pivot Point R1 10.7278
Daily Pivot Point R2 10.7492
Daily Pivot Point R3 10.7898

 

 

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.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD struggling to hold onto 1.10 as USD gains ground

EUR/USD is trading close to 1.10, as the US dollar gradually advances. Two White House advisers expressed contradicting accounts of US-Sino trade talks, causing confusion. Germany refrained from adding fiscal stimulus.

EUR/USD News

GBP/USD trades around 1.25 as EU pours cold water on Brexit hopes

GBP/USD is trading around 1.25, off the two-month highs of 1.2582 as EU officials cast doubts about the seriousness of the new UK proposals on Brexit. 

GBP/USD News

USD/JPY drops to one-week lows on trade war headlines

The USD/JPY fell during the American session following reports that the Montana Farm Bureau said China's delegation has canceled a planned trip to view US agriculture.

USD/JPY News

Gold climbs further beyond $1500 mark, lacks follow-through

Gold edged higher for the second consecutive session on Friday, albeit remained well within a familiar trading range held over the past two weeks or so.

Gold News

Top 3 price prediction Bitcoin, Ripple, Ethereum: Ethereum points to the Moon as Bitcoin takes a break

ETH/USD exceeds $220 and is bidding to lead the market. Bitcoin sets a bear trap and recaptures $10,000. XRP stalls between technical levels and fails to consolidate $0.30.

Read more

Forex MAJORS

Cryptocurrencies

Signatures