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


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

 

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