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EUR/USD Technical Analysis: Euro at 14-day lows on dovish ECB

EUR/USD daily chart

  • EUR/USD is trading in a bear trend below its main simple moving averages.
  • Dovish comments from Mario Draghi, the President of the European Central Bank (ECB) sent the currency pair about 60 pips down near 1.1250 level.

EUR/USD 4-hour chart

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

EUR/USD 30-minute chart

  • EUR/USD is trading below its main SMAs suggesting bearish momentum in the short-term.
  • The next support levels to the downside are seen at 1.1240 and 1.1215 level.
  • Resistances are at 1.1290 and 1.1350 level.

 

Additional key levels

EUR/USD

Overview:
       Today Last Price:  1.126
       Today Daily change:  -51  pips
       Today Daily change %:  -0.45%
       Today Daily Open:  1.1311
Trends:
       Daily SMA20:  1.1331
       Daily SMA50:  1.1387
       Daily SMA100:  1.1381
       Daily SMA200:  1.1504
Levels:
       Previous Daily High:  1.1326
       Previous Daily Low:  1.1285
       Previous Weekly High:  1.1422
       Previous Weekly Low:  1.1328
       Previous Monthly High:  1.1489
       Previous Monthly Low:  1.1234
       Daily Fibonacci 38.2%:  1.131
       Daily Fibonacci 61.8%:  1.1301
       Daily Pivot Point S1:  1.1289
       Daily Pivot Point S2:  1.1267
       Daily Pivot Point S3:  1.1249
       Daily Pivot Point R1:  1.1329
       Daily Pivot Point R2:  1.1348
       Daily Pivot Point R3:  1.1369

 

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