Home EUR/USD Technical Analysis: Small bounce to 1.1280 on weak US Industrial Production
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EUR/USD Technical Analysis: Small bounce to 1.1280 on weak US Industrial Production

EUR/USD daily chart

  • EUR/USD is trading in a bear trend below the 200-day simple moving average (SMA).
  • The US Industrial Production in January (MoM) came below expectations at -0.6% vs. 0.1% forecast.

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 below the main SMAs suggesting bearish momentum in the short-term.
  • Support is seen at 1.1230 level.
  • To the upside, bulls will most likely try to recapture 1.1300, 1.1330 and 1.1400 figure.

Additional key levels

EUR/USD

Overview:
       Today Last Price:  1.1263
       Today Daily change:  -31  pips
       Today Daily change %:  -0.27%
       Today Daily Open:  1.1294
Trends:
       Daily SMA20:  1.1374
       Daily SMA50:  1.1395
       Daily SMA100:  1.1408
       Daily SMA200:  1.1532
Levels:
       Previous Daily High:  1.1311
       Previous Daily Low:  1.1249
       Previous Weekly High:  1.1462
       Previous Weekly Low:  1.132
       Previous Monthly High:  1.1586
       Previous Monthly Low:  1.1289
       Daily Fibonacci 38.2%:  1.1287
       Daily Fibonacci 61.8%:  1.1273
       Daily Pivot Point S1:  1.1258
       Daily Pivot Point S2:  1.1223
       Daily Pivot Point S3:  1.1197
       Daily Pivot Point R1:  1.132
       Daily Pivot Point R2:  1.1346
       Daily Pivot Point R3:  1.1381

 

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