EUR/USD technical analysis: The 1.1180 resistance is being put to the test ahead of Michigan Consumer Sentiment Index


  • The Michigan Consumer Sentiment Index for May is expected to come out at 97.5. It is scheduled for 14:00 GMT.
  • EUR/USD is testing the daily highs, will the US data provide another leg down or will bulls bring the market above 1.1180 resistance? Stay tuned.


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 a bearish bias in the short term. The market challenged the 1.1160 support but found no acceptance so far. A break below this level is necessary to reach 1.1140 and 1.1110 to the downside. A break above 1.1180 would probably see the currency pair re-entering the range we saw in the last weeks of trading. Resistance is at 1.1200 and 1.1220 level.

Additional key levels

EUR/USD

Overview
Today last price 1.1175
Today Daily Change -0.0003
Today Daily Change % -0.03
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

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

Dollar ticks higher as most Fed officials see cuts as a mid-cycle adjustment

The Minutes of the latest Federal Reserve meeting are out, giving the greenback a modest lift against most major rivals. Policymakers concerned about the efficacy of QE. EUR/USD trading below 1.1100.

EUR/USD News

GBP/USD: Struggles between 10/21-DMA amid bullish MACD

Despite reversing from the 21-day simple moving average (DMA), GBP/USD remains above 10-DMA as it trades near 1.2134 during Asian session on Thursday. Supporting the pair’s upside is a bullish signal by 12-bar MACD.

GBP/USD News

USD/JPY weaker near 106.50, focus on T-yields ahead of Powell

USD/JPY trades weaker near the 106.50 level, tracking the negative S&P 500 futures and a cautious sentiment on the Asian equities, as attention shifts from the FOMC minutes to the Fed's Powell speech for fresh direction. 

USD/JPY News

Gold: Trapped in a symmetrical triangle

Gold is trapped in a narrowing price or a symmetrical triangle pattern, according to the 4-hour chart. The yellow metal rose to a six-year high of $1,353 per Oz on Aug. 13 and has charted lower highs and higher lows ever since.

Gold News

The Fed Minutes are Out, but Does It Matter?

The FOMC July 31st Minutes were released earlier today and the collective market seems to think the minutes are less dovish than expected! Gold was volatile right before the release.

Read more

MAJORS

Cryptocurrencies

Signatures


  •  
  •  
  •  
  •  
  •