Home EUR/USD Technical Analysis: Euro bulls climb back to 1.1300 as US inflation data misses estimates
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EUR/USD Technical Analysis: Euro bulls climb back to 1.1300 as US inflation data misses estimates

EUR/USD 4-hour chart

  • EUR/USD is trading in a bear trend below the 200-period simple moving average.  
  • EUR/USD is finding some support as the US Core CPI for October YoY came in at 2.1% vs. 2.2% forecast.  
  • Despite the downtrend, the bulls are currently in control and should keep the market supported above 1.1250. The next target is likely the 1.1350 level.  

Additional key levels at a glance:

EUR/USD

Overview:
       Last Price:  1.13
       Daily change:  15  pips
       Daily change:  0.133%
       Daily Open:  1.1285
Trends:
       Daily SMA20:  1.1394
       Daily SMA50:  1.1527
       Daily SMA100:  1.157
       Daily SMA200:  1.1829
Levels:
       Daily High:  1.1294
       Daily Low:  1.1216
       Weekly High:  1.15
       Weekly Low:  1.1316
       Monthly High:  1.1625
       Monthly Low:  1.1302
       Daily Fibonacci 38.2%:  1.1264
       Daily Fibonacci 61.8%:  1.1246
       Daily Pivot Point S1:  1.1236
       Daily Pivot Point S2:  1.1186
       Daily Pivot Point S3:  1.1157
       Daily Pivot Point R1:  1.1314
       Daily Pivot Point R2:  1.1344
       Daily Pivot Point R3:  1.1393

 

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