EUR/USD Technical Analysis: Euro rising to 1.1300 figure post-US data

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 Retail Sales ex Autos (MoM) for December disappointed greatly with -1.8% versus 0.1% expected by analysts.

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 between the 50 and 200 SMA suggesting a sideways market, therefore signalling caution for sellers.
Support is seen at 1.1250 and 1.1215, the 2018 low.
To the upside, resistance is seen at 1.1300, 1.1330 and 1.1400 figure.

Additional key levels

EUR/USD

Overview:
    Today Last Price: 1.1303
    Today Daily change: 37 pips
    Today Daily change %: 0.33%
    Today Daily Open: 1.1266
Trends:
    Daily SMA20: 1.1379
    Daily SMA50: 1.1397
    Daily SMA100: 1.1412
    Daily SMA200: 1.1535
Levels:
    Previous Daily High: 1.1344
    Previous Daily Low: 1.1264
    Previous Weekly High: 1.1462
    Previous Weekly Low: 1.132
    Previous Monthly High: 1.1586
    Previous Monthly Low: 1.1289
    Daily Fibonacci 38.2%: 1.1294
    Daily Fibonacci 61.8%: 1.1313
    Daily Pivot Point S1: 1.1239
    Daily Pivot Point S2: 1.1212
    Daily Pivot Point S3: 1.116
    Daily Pivot Point R1: 1.1319
    Daily Pivot Point R2: 1.1371
    Daily Pivot Point R3: 1.1398

Author

Flavio Tosti

Independent Analyst

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