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.

Flavio Tosti Independent Analyst

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

Author

Flavio Tosti

Independent Analyst

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