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


Today last price 10.678
Today Daily Change -0.0285
Today Daily Change % -0.27
Today daily open 10.7065
Daily SMA20 10.6902
Daily SMA50 10.6221
Daily SMA100 10.5475
Daily SMA200 10.4365
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



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