EUR/USD Technical Analysis: Small bounce to 1.1280 on weak US Industrial Production

Flavio Tosti Independent Analyst

EUR/USD daily chart

EUR/USD is trading in a bear trend below the 200-day simple moving average (SMA).
The US Industrial Production in January (MoM) came below expectations at -0.6% vs. 0.1% forecast.

EUR/USD 4-hour chart

EUR/USD is trading below its main SMAs suggesting bearish momentum in the medium-term.

EUR/USD 30-minute chart

EUR/USD is trading below the main SMAs suggesting bearish momentum in the short-term.
Support is seen at 1.1230 level.
To the upside, bulls will most likely try to recapture 1.1300, 1.1330 and 1.1400 figure.

Additional key levels

EUR/USD

Overview:
    Today Last Price: 1.1263
    Today Daily change: -31 pips
    Today Daily change %: -0.27%
    Today Daily Open: 1.1294
Trends:
    Daily SMA20: 1.1374
    Daily SMA50: 1.1395
    Daily SMA100: 1.1408
    Daily SMA200: 1.1532
Levels:
    Previous Daily High: 1.1311
    Previous Daily Low: 1.1249
    Previous Weekly High: 1.1462
    Previous Weekly Low: 1.132
    Previous Monthly High: 1.1586
    Previous Monthly Low: 1.1289
    Daily Fibonacci 38.2%: 1.1287
    Daily Fibonacci 61.8%: 1.1273
    Daily Pivot Point S1: 1.1258
    Daily Pivot Point S2: 1.1223
    Daily Pivot Point S3: 1.1197
    Daily Pivot Point R1: 1.132
    Daily Pivot Point R2: 1.1346
    Daily Pivot Point R3: 1.1381

Author

Flavio Tosti

Independent Analyst

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