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EUR/USD Technical Analysis: Euro dwelling in the middle-of-nowhere post-NFP

EUR/USD daily chart

  • EUR/USD is trading in a bear trend below the 200-day simple moving averages (SMAs).
  • The US nonfarm payrolls exceeded expectations with 304K vs. 165K forecast.
  • However, the price action on EUR/USD is mixed as investors are undecided where to go next.

EUR/USD 4-hour chart

  • EUR/USD is trading above its main SMAs suggesting a bullish bias in the medium-term.

EUR/USD 30-minute chart

  • EUR/USD is trading near the daily highs after the release of the NFP.  
  • EUR/USD is above its main SMAs suggesting a slight bullish bias. The level to beat for bulls is 1.1500 figure.  
  • To the downside, bears will be looking at the 1.1440, 1.1400 and 1.1350 level.  

Additional key levels

EUR/USD

Overview:
       Today Last Price:  1.1474
       Today Daily change: +29  pips
       Today Daily change %:  0.25%
       Today Daily Open:  1.1445
Trends:
       Daily SMA20:  1.1424
       Daily SMA50:  1.1394
       Daily SMA100:  1.1444
       Daily SMA200:  1.1564
Levels:
       Previous Daily High:  1.1516
       Previous Daily Low:  1.1436
       Previous Weekly High:  1.1418
       Previous Weekly Low:  1.1289
       Previous Monthly High:  1.1586
       Previous Monthly Low:  1.1289
       Daily Fibonacci 38.2%:  1.1466
       Daily Fibonacci 61.8%:  1.1485
       Daily Pivot Point S1:  1.1415
       Daily Pivot Point S2:  1.1386
       Daily Pivot Point S3:  1.1336
       Daily Pivot Point R1:  1.1495
       Daily Pivot Point R2:  1.1545
       Daily Pivot Point R3:  1.1575

 

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