EUR/USD fails again around 1.1400 and drops back to the 1.1370 area. US dollar reverses across the board as equity prices move off highs. The EUR/USD pair peaked at 1.1408 after the release of the latest US economic report and then reversed sharply, falling 30 pips in an hour. It dropped to the 1.1370 area, erasing gains. The move to the downside took placed maid a rally of the US dollar across the board and a decline in Wall Street. The greenback is now among the top performer. The Dow Jones is still in positive territory (+0.20%) but lost more than a hundred points over the last hours. The greenback recovered strength despite weak US data. Numbers released today included the core PCE price index that stayed unchanged at 1.9% in December, while personal income and spending showed negative numbers. Also, the Manufacturing PM and the ISM came in below expectations. Higher US yields continue to support the US dollar. The 10-year is up for the third-day in-a-row and recently reached 2.75%, the highest level since January 29. Despite being unable to hold above 1.1400, EUR/USD heads for the second consecutive weekly gain. It is trading just below the 20-week moving average, as it continues to move sideways. EUR/USD weekly chart EUR/USD Overview: Today Last Price: 1.1378 Today Daily change: 0.0005 pips Today Daily change %: 0.04% Today Daily Open: 1.1373 Trends: Daily SMA20: 1.1349 Daily SMA50: 1.1391 Daily SMA100: 1.1389 Daily SMA200: 1.1509 Levels: Previous Daily High: 1.1422 Previous Daily Low: 1.1359 Previous Weekly High: 1.1373 Previous Weekly Low: 1.1276 Previous Monthly High: 1.1489 Previous Monthly Low: 1.1234 Daily Fibonacci 38.2%: 1.1398 Daily Fibonacci 61.8%: 1.1383 Daily Pivot Point S1: 1.1348 Daily Pivot Point S2: 1.1322 Daily Pivot Point S3: 1.1286 Daily Pivot Point R1: 1.141 Daily Pivot Point R2: 1.1447 Daily Pivot Point R3: 1.1473 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 US manufacturing lull looks temporary – ING FX Street 4 years EUR/USD fails again around 1.1400 and drops back to the 1.1370 area. US dollar reverses across the board as equity prices move off highs. The EUR/USD pair peaked at 1.1408 after the release of the latest US economic report and then reversed sharply, falling 30 pips in an hour. It dropped to the 1.1370 area, erasing gains. The move to the downside took placed maid a rally of the US dollar across the board and a decline in Wall Street. The greenback is now among the top performer. The Dow Jones is still in positive territory (+0.20%)… 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.
