EUR/USD Technical Analysis: Euro capped below 1.1820 post-US inflation data

• Euro bulls failed to materialize a successful breakout above 1.1800 in early European trade.  
• EUR/USD is trapped between the 200-period simple moving average (4-hour) and the and the 50 and 100-period SMA below spot.  
• The Consumer Price Index (CPI) Ex Food & Energy, matched analysts expectations at 2.2% for May year-on-year with no major reaction on EUR/USD. More info click here.

EUR/USD 15-minute chart

Spot rate:                     1.1794
Relative change:          0.09%      
High:                            1.1810
Low:                             1.1740

Trend:                           Bearish below 1.1850  

Resistance 1:               1.1821 Monday’s high
Resistance 2:               1.1850 figure and near last week’s high
Resistance 3:               1.1900 figure and 200-period SMA (4-hour)
Resistance 4:               1.1990-1.2000 May 14 swing high and daily 200-period SMA  

Support 1:                    1.1750  intraday swing low
Support 2:                    1.1726-1.1730, Monday’s low and 50-period SMA (4-hour)
Support 3:                    1.1650 June 5 low