Attempts a tepid recovery above 5-DMA amid dollar comeback. Awaits Eurozone industrial production data and US CPI for fresh trading impetus. Fresh bids emerged near the daily pivot at 1.1310, allowing a tepid bounce in the EUR/USD pair in an effort to regain the 5-DMA barrier at 1.1321. At the press time, the pair trades at 1.1332, up +0.10% on the day. Despite the latest leg up in the spot, the bulls remain wary amid a broad-based US dollar comeback, as markets remain focussed on the outcome of the US-China trade talks, starting tomorrow. More so, the US dollar index rose from 96.64 lows to print the daily highs at 96.84, as markets expect the US headline CPI figure to accelerate to 0.1% m/m in January vs. 0.0% last while the core figures are likely to steady at 0.2% inter-month. On the EUR-side of the story, the recent downbeat Eurozone fundamentals continue to undermine the sentiment around the common currency that could keep any recovery short-lived. Meanwhile, the negative tone seen around the 10-year German bond yields could also cap the upside attempts, as the immediate focus now shifts towards the Eurozone industrial production data due at 1000 GMT, which could aid the recovery mode in the major. EUR/USD levels to watch Overview: Today Last Price: 1.1330 Today Daily change: 4 pips Today Daily change %: -0.04% Today Daily Open: 1.1332 Trends: Daily SMA20: 1.1386 Daily SMA50: 1.1398 Daily SMA100: 1.1416 Daily SMA200: 1.1538 Levels: Previous Daily High: 1.1342 Previous Daily Low: 1.1258 Previous Weekly High: 1.1462 Previous Weekly Low: 1.132 Previous Monthly High: 1.1586 Previous Monthly Low: 1.1289 Daily Fibonacci 38.2%: 1.1309 Daily Fibonacci 61.8%: 1.129 Daily Pivot Point S1: 1.1279 Daily Pivot Point S2: 1.1226 Daily Pivot Point S3: 1.1195 Daily Pivot Point R1: 1.1363 Daily Pivot Point R2: 1.1394 Daily Pivot Point R3: 1.1447 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Riksbank: Unchanged repo rate and path – Nordea Markets FX Street 4 years Attempts a tepid recovery above 5-DMA amid dollar comeback. Awaits Eurozone industrial production data and US CPI for fresh trading impetus. Fresh bids emerged near the daily pivot at 1.1310, allowing a tepid bounce in the EUR/USD pair in an effort to regain the 5-DMA barrier at 1.1321. At the press time, the pair trades at 1.1332, up +0.10% on the day. Despite the latest leg up in the spot, the bulls remain wary amid a broad-based US dollar comeback, as markets remain focussed on the outcome of the US-China trade talks, starting tomorrow. More so, the US dollar… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
