- EUR/USD tumbled as low as 1.1327 this Friday missing Wednesday's forecast by only 7 pips.
- EUR/USD is trading below its main simple moving averages while its technical indicators are in bearish territories. The path of least resistance suggests a drop towards 1.1255, the 2018 low.
- On the flip side, if bulls can bounce from the 1.1330 level, the next resistance to the upside is the 1.1430 level.
Additional key levels
EUR/USD
Overview:
Last Price: 1.1331
Daily change: -75 pips
Daily change: -0.658%
Daily Open: 1.1406
Trends:
Daily SMA20: 1.137
Daily SMA50: 1.1494
Daily SMA100: 1.1553
Daily SMA200: 1.1797
Levels:
Daily High: 1.1434
Daily Low: 1.1381
Weekly High: 1.142
Weekly Low: 1.1216
Monthly High: 1.1625
Monthly Low: 1.1302
Daily Fibonacci 38.2%: 1.1414
Daily Fibonacci 61.8%: 1.1402
Daily Pivot Point S1: 1.138
Daily Pivot Point S2: 1.1354
Daily Pivot Point S3: 1.1327
Daily Pivot Point R1: 1.1433
Daily Pivot Point R2: 1.1461
Daily Pivot Point R3: 1.1487
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended content
Editors’ Picks
EUR/USD edges lower toward 1.0700 post-US PCE
EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.
GBP/USD retreats to 1.2500 on renewed USD strength
GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.
Gold struggles to hold above $2,350 following US inflation
Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.