- Earlier in the New York session, the Michigan Consumer Index for April came in better-than-anticipated at 102.4 vs. 97.5 forecast.
- EUR/USD dropped about 20 pips down from the 1.1180 resistance on the bullish US data.
EUR/USD daily chart
EUR/USD is trading in a bear trend below its main simple moving averages (SMAs).
EUR/USD is trading below its main SMAs suggesting a bearish bias in the near term.
EUR/USD 30-minute chart
The market is trading below its main SMAs suggesting bearish momentum in the short term. The market is repeatedly challenging 1.1160 support. A break below this level can lead to 1.1140 and 1.1110 to the downside. Resistance is seen at 1.1180, 1.1200 and 1.1220 levels.
Additional key levels
|Today last price||1.1164|
|Today Daily Change||-0.0014|
|Today Daily Change %||-0.13|
|Today daily open||1.1178|
|Previous Daily High||1.1226|
|Previous Daily Low||1.1166|
|Previous Weekly High||1.1254|
|Previous Weekly Low||1.1166|
|Previous Monthly High||1.1326|
|Previous Monthly Low||1.1111|
|Daily Fibonacci 38.2%||1.1189|
|Daily Fibonacci 61.8%||1.1203|
|Daily Pivot Point S1||1.1155|
|Daily Pivot Point S2||1.1131|
|Daily Pivot Point S3||1.1096|
|Daily Pivot Point R1||1.1214|
|Daily Pivot Point R2||1.1249|
|Daily Pivot Point R3||1.1273|
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