EUR/USD technical analysis: Fiber is trading near 1.1160 close to the weekly low


  • 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 4-hour chart

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

EUR/USD

Overview
Today last price 1.1164
Today Daily Change -0.0014
Today Daily Change % -0.13
Today daily open 1.1178
 
Trends
Daily SMA20 1.1199
Daily SMA50 1.1246
Daily SMA100 1.1314
Daily SMA200 1.1396
Levels
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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