EUR/USD Technical Analysis: Fiber on the back foot after US CPI and ECB

Flavio Tosti Independent Analyst

EUR/USD daily chart

EUR/USD is trading in a bear trend below its 200-day simple moving average (SMA).

EUR/USD 4-hour chart

EUR/USD is trading below its 100 and 200 SMAs suggesting a bearish bias in the medium-term.

EUR/USD 30-minute chart

EUR/USD rejected 1.1300 resistance as the market is about to test the 1.1250 support.
A break below 1.1250 can lead to a decline to 1.1220 support.
Resistance is at 1.1280 and 1.1330 level.

Additional key levels

EUR/USD

Overview
Today last price	1.1256
Today Daily Change	-0.0006
Today Daily Change %	-0.05
Today daily open	1.1262

Trends
Daily SMA20	1.1281
Daily SMA50	1.1316
Daily SMA100	1.1354
Daily SMA200	1.1456

Levels
Previous Daily High	1.1286
Previous Daily Low	1.1255
Previous Weekly High	1.1256
Previous Weekly Low	1.1184
Previous Monthly High	1.1448
Previous Monthly Low	1.1176
Daily Fibonacci 38.2%	1.1274
Daily Fibonacci 61.8%	1.1267
Daily Pivot Point S1	1.1249
Daily Pivot Point S2	1.1237
Daily Pivot Point S3	1.1219
Daily Pivot Point R1	1.128
Daily Pivot Point R2	1.1298
Daily Pivot Point R3	1.131

Author

Flavio Tosti

Independent Analyst

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.